This from the illustrious Bank of America, C.E.O.:
Bank of America's CEO defended his bank's new $5 fee on debit cards on Wednesday, saying that customers and shareholders understand the bank has a "right to make a profit."
Yeah, they have a right but you also have a right to move your money.
And look, Citibank joining the "greedy club", right along with Bank of America:
Starting in December, customers who hold its mid-level Citibank Account will be charged $20 a month if they fail to maintain a minimum balance of $15,000 in their combined accounts. Previously, account holders had to carry a minimum balance of $6,000.
And it gets better....
At the same time, customers who have the bank's EZ Checking account will start being charged $15 a month if they don't carry a minimum balance of $6,000. Citi says it is phasing out the EZ Checking package, which currently carries no monthly fee for balances over $1,500, and is instead offering customers either the Citibank Account or its Basic Banking account, which also carries a fee.
So, in other words unless you are financially set, no worries, not living pay-check to pay-check, you don't have to worry about these insignificant fees. But if you are living pay-check to pay-check (which is the majority or America), Citibank is about to financially screw you royally.
Aren't you tired of this shit yet?
As we watch #OccupyWallStreet unfold, one thing is for damn sure, "People are fed up." Another thing, I know, personally is that if you want change, you have to make the right moves. Banks don't respond to customers, unless you leave their asses in droves. Banks are counting on the massive public to be lazy asses and not have the fortitude to fight, as in, MOVING YOUR MONEY. Banks are relying on you, their customer to just be tiffed, angered but will just take it or accept it, as in paying the likes of Citibank 10-20 bucks a month for the privilege of their checking account or Bank of America in $5 a month every time you swipe your debit card for credit or a POS transaction.
WAKE UP, AMERICA.
There is just cause for many people occupying cities across this country. Americans watched congress and all its participants from the Bush Administration to the Obama Administration bail these banks out with no repercussions. No fines. No nothing. Just watched our hard earned tax dollars go to these banks.
And what did these banks do? They invested OUR MONEY, made trillions and have continued to sit on it while Main Street (the average joe american) has had a tough time out here. In fact, Main Street are bleeding from lack of jobs, health care, the rape of the mortgage mess (thanks to the banks), the rape of high interest loans to students who cannot pay because they cannot find a job, etc., and it continues to trickle down.
Folks have a reason to be salty with Wall Street and these professional politicians. I am not holding my breath for any of them to actually DO SOMETHING, because the totality of the Democratic Party has been a massive fail and the creature to Wall Street, so I am imploring you to do something. If you have a bank account with one of these banks, MOVE YOUR MONEY. These banks don't care about you, as the C.E.O. of Bank of America stated too stridently, "...we answer to our shareholders..." Well, America it is time to answer TO YOU.
Take action and MOVE YOUR MONEY. All the information you need is in this link. It definitely is time to move your banking business to a credit union or small local bank, a place that cares about you and not the other way around. But whatever decision you make, do it and move your money. Lastly, if these banksters don't give a fuck about you, why should you hang around and continue to make them money?
Folks, just move it.....