Home / Banking / Moving Your Bank Account Elsewhere
Print Friendly and PDF

Moving Your Bank Account Elsewhere

Written by Gary North on December 8, 2011

The bank may fight you on this. It can’;t do much, but it can try.

First, you may be asked to speak to the manager. You do not have to stand in line.

You may be charged a fee to close the account. Leave two cents in it — your “two cents’ worth.”

The bank may change its policies. If it is charging you for some service, and another bank doesn’t, switch banks. But if it capitulates, give the bank the benefit of the doubt. Make it clear that you are doing the banker a favor.

This guy fought back.

When Ray Parente decided to pull his money out of Wells Fargo last month, he was told that he would have to discuss the decision with a personal banker at his local branch in Orange City, Fla.

Rather than wait in a long line to see the banker, Mr. Parente went to a teller window and withdrew all his money—except for two cents. “

The banks have competitors. It may pay you to find a better bank.

That leaves the banks in a difficult spot as they try to figure out how to keep customers at the same time they are raising fees to offset the cost of new regulations. Big banks are expected to make more tweaks to their checking accounts in coming months, possibly further tightening requirements customers must meet to receive free checking.

“They are absolutely struggling with this and there is great concern over their branding, market share and scale,” says Adam Schneider, who specializes in financial services at Deloitte Consulting LLP.

Beginning in late September, 650,000 customers have joined credit unions. Credit Unions are insured by the U.S.  government, just like banks are.

At Wells Fargo, customers who want to close their accounts are being encouraged to explain their decision and read a flier that outlines ways in which the bank has helped communities.

“Whether you’re buying a home, paying for education, saving for retirement, investing, or growing your business, we’re here for you,” the flier reads.

A spokeswoman for the San Francisco-based Wells Fargo said, “We know that, especially right now, people want more from their bank and we’re certainly listening to them.” She added that “we respect our customers’ wishes.”

Make them compete. There are alternatives if they refuse.

 

 

Continue Reading on finance.yahoo.com

Print Friendly and PDF

Posting Policy:
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

6 thoughts on “Moving Your Bank Account Elsewhere

  1. Luke 10:18And he said unto them, I beheld Satan as lightning fall from heaven.
    In ancient Hebrew the word for lightning is barack, the word for heaven or the
    heights is bama and to connect the words either an “a” or an “o” is used.

    2 Thessalonians 2:3 (King James Version)
    3Let no man deceive you by any means: for that day shall not come, except there
    come a falling away first, and that man of sin be revealed, the son of perdition;

    Political Correctness a term first seen in Mao’s Little Red Book, a communist engendered abomination that is instituting censorship little by little.

    “If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter.”- George Washington

    Carl Marx, once wrote that, the goal of the Communists was to quote,. “enter into men’s minds and cast God down from his throne.”

    Matthew 12:31Wherefore I say unto you, All manner of sin and blasphemy shall be forgiven unto men: but the blasphemy against the Holy Ghost shall not be forgiven unto men.

     

    In ancient Babylon their economy was based on usury.
    “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. Exodus 22:25
    Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. Ezekiel 18:13
    Usury is unlawful; expressly prohibited by GOD!
     Article 1 Section 8 of the U.S. Constitution clearly states that only the Congress can print and coin money! 

    The Federal Reserve Act of 1913 was slipped thru congress during the Christmas break with the majority of it’s members absent. 

    The Federal Reserve is self serving and privately owned in violation to the Constitution, charging interest on illegally printed money. Money printed from nothing!
    In America On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. Five months later A UNITED STATES PRESIDENT, PRESIDENT JOHN F. KENNEDY was MURDERED BY COMMUNIST!
    “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. Exodus 22:25
    Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. Ezekiel 18:13
    Usury is unlawful; expressly prohibited by GOD!
     
     
    In ancient Babylon their priest sacrificed babies to their gods baal, and molech.  
    In America the communist under their socialist programs have sacrificed over 50 million American babies to their god satan!
    Leviticus 20:2-5
    2Again, thou shalt say to the children of Israel , Whosoever he be of the children of Israel , or of the strangers that sojourn in Israel , that giveth any of his seed unto Molech; he shall surely be put to death: the people of the land shall stone him with stones.
    3And I will set my face against that man, and will cut him off from among his people; because he hath given of his seed unto Molech, to defile my sanctuary, and to profane my holy name.
    4And if the people of the land do any ways hide their eyes from the man, when he giveth of his seed unto Molech, and kill him not:
    5Then I will set my face against that man, and against his family, and will cut him off, and all that go a whoring after him, to commit whoredom with Molech, from among their people.
     
    Luke 22:35-36 Then Jesus asked them, “When I sent you without purse, bag or sandals, did you lack anything?” “Nothing,” they answered. 36 He said to them, “But now if you have a purse, take it, and also a bag; and if you don’t have a sword, sell your cloak and buy one.
     
     
    Jeremiah 50:16Cut off the sower from Babylon, and him that handleth the SICKLE in the time of harvest: for fear of the oppressing sword they shall turn every one to his people, and they shall flee every one to his own land.
    Jeremiah 50:23How is the HAMMER OF THE WHOLE EARTH CUT ASUNDER AND BROKEN! how is Babylon become a desolation among the nations!
    BABYLON = the HAMMER and SICKLE!
     
     
    Jeremiah 50:14 “ Put yourselves in array against Babylon all around, All you who bend the bow; Shoot at her, spare no arrows, For she has sinned against the LORD.

    All nations compassed me about: but in the name of the LORD will I destroy them. Psalm 118:10

     

    “The thing that separates the American Christian from every other person on earth is the fact that he would rather die on his feet, than live on his knees!”. George Washington

    “NO KING BUT KING JESUS!”
            

     

  2. Anthony Abruzzo says:

    If a bank fails, how does that affect direct deposit?

  3. ArizonaPatriot says:

    Recent folk lore has Wells Fargo attributed with raiding peoples WF accounts (ie… remaining credit card available cash balances) without your consent to pay other indebtedness that you may with them (ie… second mortage balance after a foreclosure). If this urban legend is true, then closing WF accounts and moving to a good bank before they can steal from you is highly advised.

  4. hi-yah, u have a fantastic website! If you post Camsex more I Will visit your website again!

  5. A K Jarnagin says:

    Perhaps most people who trust their bank to offer the best service to each of their customes don't know that currently some major banks are cutting back on many of their perks today. I imagine these banks are cutting back on all they can including free checking accts for starters! If some one who had a checking account and did not withdraw from it for month on end, which banks love to have the use of your money and not pay you any interest. Now think about this, the bank then tells this customer he/she must pay $5.0 a month or else deposit $300.00 in a savings account and you don't have to pay any interest on it but you also won't earn any interest on it. Concerned Customer

  6. JOHN HENRY says:

    THIS IS NOT A VERY OFFICAL LOOKING " R F P " (REQUEST FOR PROPOSAL) ANYONE CAN MAKE A MAP THAT LOOKS THIS " G O O D" . I BELIEVE THAT "KBR' STANDS FOR –KELLOGG BROWN & ROOT"– A FAMOUS(OR INFAMOUS GOV'T CONTRACTOR") WHO FED AND LODGED TROOPS IN IRAQ AND AFGAN. DID ANYONE AT THE "TEA PARTY ECONOMIST " TRY TO CALL KBR AND ASK FOR THE JERK WHOSE NAME APPEARS AT THE END OF THIS PHONEY RFP. ?? BUT LET ME ALSO SAY THAT THIS ADMINISTRATION AND THE HALF-BREED IN THE WHITE HOUSE ARE QUITE CAPABLE OF TRYING SOMETHING LIKE THIS ESPESCIALLY AT THE ENCOURAGEMENT OF A "GEORGE SOROS' WHO SENT LOTS OF FOLKE TO SIMILIAR CAMPS IN EUROPE