Move Your Money

[daddytodd]

So, Arianna Huffington on The Huffington Post is plugging the idea of moving your accounts out of the big national banks and into smaller, local outfits.

I think this is a great idea, but if you follow it, be prepared to move your money again in a few years when the economy takes another dip, and your local bank is acquired by CitiBank of AmeriChase Fargo, and you find yourself again a customer of EvilBank.

Comments

[daddytodd.livejournal.com]

Yeah, credit unions are great. Since they operate under a different charter than a bank, they don't have to jump through the same regulatory hoops a bank does. Which means they can provide cheaper services to their customers, in most cases.