Thursday, January 7, 2010

Moving my Money in 2010

One of my goals for 2010 - once we figure out Project: Next Big Step and settle down in a new place, of course - is to move my money. I'm talking big banks v. small banks, and wanting to be on the side of the good guys. I currently belong to a mega-bank, and I'm tired of it. Tired of feeling like one among one million, tired of feeling like I'm supporting the wrong people, tired of feeling like I'm part of the problem.

Enter Move Your Money, a new effort to help folks realize the power of moving their money to a small community bank. Moving my small account to a Main Street bank won't change the world, but if enough of us take a stand, we just might make a collective difference.

View a list of community banks in your area here, and if you have four minutes to spare, consider watching this video. It's a testament to the power of doing public service videos well - and using classic movie clips to make your point. Consider moving your money in 2010, too.


  1. Good. Glad to hear it. I've been a small bank user my whole life, though I did use a bigger bank during college so that I could have easy access both at home and school. I still have a credit card with a mega-bank, but it has no balance on it. I mostly haven't closed it due to the supposed benefits to your credit score if you have cards with no balance. I've thought seriously about closing it anyway, but haven't so far. Now I bank with a credit union, and have my mortgage through a small local bank. Much better.

  2. Good for you Maggie! In a past life I worked on marketing and corporate communications for the financial services industry, we all saw the crisis coming several years out. I'm glad that I've moved on to other things, but I still have a soft spot for small FI's. I would suggest looking to a credit union rather than a bank, then you'll really feel connected.

  3. Yeah! I have been a HUGE community bank supporter for a long time. Worked at one in high school and college and realized then that their customer service just can't be matched. When my debit card was stolen and $2000+ dollars disappeared, I had my cash back within a day or two. I don't think BoA could do THAT for you. Great decision!

  4. Nance!! I actually think of you all the time regarding this topic. If pressed, I'd have to say my favorite bank is WSB, and that's solely because of your history with them! :-)

  5. yay and yay again! i was so glad to shake off citibank and leap into the arms of my employer's credit union. of course, that means i can only deposit checks when i'm at work, but hey -- i'm there all the time anyway.


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