18 votes

Bank of America freezing accounts of customers suspected of not being US citizens

5 comments

  1. [5]
    patience_limited
    (edited )
    Link
    And now, in addition to changing DNS, I need to change my bank, but I've needed to do that for a while. Bank of America is slightly more legitimate than Wells Fargo, but this is an appalling...

    And now, in addition to changing DNS, I need to change my bank, but I've needed to do that for a while.

    Bank of America is slightly more legitimate than Wells Fargo, but this is an appalling violation of law and human rights.

    It's a threat to every customer.

    Petition here: https://act.credoaction.com/sign/bofa_immigrants?t=6&ak_proof=1&akid=29782%2E10086221%2EJ8avOo

    7 votes
    1. [4]
      spit-evil-olive-tips
      Link Parent
      Here's a tool to find a credit union in your area. I switched from BoA to a credit union several years ago and I would never, ever go back to a bank.

      Here's a tool to find a credit union in your area.

      I switched from BoA to a credit union several years ago and I would never, ever go back to a bank.

      9 votes
      1. [2]
        Pilgrim
        Link Parent
        Do it OP. Check them out. They're all different but some are amazing. My credit union issues me a $70 dividend every year just for banking with them. I want to just say that again, just to be...

        Do it OP. Check them out. They're all different but some are amazing.

        My credit union issues me a $70 dividend every year just for banking with them. I want to just say that again, just to be clear, "They pay me to bank with them."

        10 votes
        1. spit-evil-olive-tips
          Link Parent
          Yep. BoA currently pays 0.01% interest on your checking account - though they'll generously bump that up to 0.02% if you maintain a balance over $50k. My current CU has 1.57% on the first $10k in...

          Yep. BoA currently pays 0.01% interest on your checking account - though they'll generously bump that up to 0.02% if you maintain a balance over $50k.

          My current CU has 1.57% on the first $10k in checking, so up to $157/year, but only if you kept a $10k balance.

          The other big CU here in WA that I've been pondering switching to for awhile does 4% on the first $500 which is "only" $20/year, but any balance above $500 gets a 0.05% APY, so still 5 times better than BOA.

          And that just scratches the surface of the benefits of a CU over a bank.

          6 votes
      2. patience_limited
        Link Parent
        The spouse has had three different credit unions go bankrupt over the years; it may just be a matter of geography. I used to be a credit union member before we relocated. There's a good credit...

        The spouse has had three different credit unions go bankrupt over the years; it may just be a matter of geography. I used to be a credit union member before we relocated. There's a good credit union (Space Coast) in the area, but we've also got Toronto Dominion Bank as an option.

        The only reason I've stayed with BoA is card protection when traveling.

        3 votes