Posted on 04/04/2021 7:08:25 PM PDT by kellymcneill
I'm the owner of a small business and I do my banking at Chase. I recently came to learn that Chase is among the list of companies that bowed to the left by expressing opposition to voter ID. The expressed reason is based on an obvious (and ironically racist) lie that minorities don't know how to get an ID and therefore requiring an ID to vote is racist. I gotta believe that they know this is false so if that assumption is true then that means their real opposition to IDs is really about the desire to game elections.
My business is thoroughly inconsequential to the existence of theirs and should I chose to leave, I know that it would have zero impact on their decision to oppose voter IDs. Though I suppose an argument could be made that if enough small business owners like me leaving could potentially have some impact my motivations are really less about punishing them for their actions but rather about simply following my conscience. I don't want to support companies that don't support me, my country or the rule of law. If a company I work with is is direct opposition to all of these then I'm inclined to not just walk away but rather run.
A similar version of this question was posited here in these forums a little over three years ago however the comments didn't seem to provide a definitive answer. I'm wondering if things may have changed since then. Chase's actions and the recent attempts to de-bank companies like gab have certainly given us reason to ask again... Are there any banking alternatives that are friendly or at least neutral to conservative organizations?
Democrats get a pass, of course.
A credit union probably would work well actually. That’s not a bad idea.
I’m staying with Chase. I like the convenience of not having to supply ID on the rare occasions that I cash a check there.
Oh, wait...
HSBC
ummmmm, would that be the Hongkong Shanghai Banking Corporation ?
You are wrong on how the FDIC works. It literally only ever gives cash to depositors.
There has never been an example of what you are claiming.
The NCUA does it the same way.
Credit Unions..
I’ve only used Credit Unions since 1988..
No problems at all.
Credit Unions..
I’ve only used Credit Unions since 1988..
No problems at all.
————-
Except that most credit unions in the Denver area charge $5 to $60 to receive an incoming international wire transfer, if they can at all. And they can hold the transfer up to 30 days. Sucks when that’s how my pay is sent monthly. My bank to bank is free. Granted, mine is a quite different exception.
“So only good for pulling cash at a Chase ATM.”
On the contrary. I can use it at any ATM anywhere. There is no reason to have a debit card affiliated with MasterCard or Visa. I don’t use my debit card like a credit card. I only use it to get cash.
Did any of these speak out against Texas or Georgia’s election bills this month?
Apple
Uber
Lyft
DoorDash
GrubHub
United Airlines
Even worse, they deny access to any and all accounts if your ID card is even one day expired. Why? Am I now no longer who I was yesterday just because my ID expired? Even expired an ID still proves I am who I am. My funds do not need to be protected from myself for any reason period.
It is all about obstruction in every way possible, it is what progressives do. Chase thinks your funds belong to them and makes you jump through every hoop they can invent to access your own funds.
Check out your local community banks.
Chase bought out Washington Mutual.
I got my Washington Mutual checks from a private company because I preferred the art.
When I wanted to get more checks from this company I made an inquiry at the bank. My old checks were still good (thus my old account number was still honored) but I wanted to know for how long or should I use my new account number.
Three representatives from Chase cornered me in someone’s office/cubicle to pressure me to use THEIR checks saying that they would not help me if someone fraudulently altered or reproduced one of my checks. Smells like BS to me.
Try your local credit union.
Yep... YOUR funds but only on THEIR terms. They have some idea it is their money and you should feel privileged they even allow you to access it.
when you drop below the money center banks, the regional banks tend to be Republican, as may be seen below: (The former percentage is Democrat; the latter Republican)
Regions Financial 42.20% 57.80%
1st Financial Bank USA 18.30% 81.70%
Midfirst Bank 38.30% 61.60%
Citizens First Bank 0.20% 99.80%
Woodforest Financial Group 0% 100.00%
First National Bank 5.40% 94.30%
Citizens Financial Group 54.20% 45.60%
Banco Bilbao Vizcaya Argentaria 35.10% 64.90%
Ally Financial 45.90% 54.00%
Huntington Bancshares 45.60% 54.30%
I suspect that, if you were to eliminate locally owned banks outside the Northeast and West Coast, banker contributions are strongly Republican.
But I assume you buy online?
You need a debit/ credit card for that. The days of mailing in a check mail-order style is long since past. C.O.D. Is likewise a relic of the past.
You can always use PayPal, I guess, but they are far worse than a debit or credit card with any dispute (you lose your section 75 rights) It also locks accounts fairly frequently and can hold money for up to 180 days in a dispute, withdrawing money directly from your bank account (you gave them permission when signing up)
HSBC is bad news:
Get behind in credit card debt, go to jail:
“This was evidenced in 2010 when HSBC boss Abdulfattah Sharaf incensed customers worldwide when he publicly stated that jailing debtors worked.”
I have a credit card. But my debit card is unaffiliated with MasterCard or Visa.
There has never been an example of what you are claiming.
Let's see what happens. Never, up to now. Laws have changed. Banks only have a tiny fraction of cash on hand compared to what they owe depositors. The laws recently changed and the FDIC cannot fully cover depositors. Don't take promises from FDIC at face value. The financial crisis of 2008 led to
"Dodd-Frank Wall Street Reform and Consumer Act of January 2010, which eliminated the option of bank bailouts but opened the door for bank bail-ins... With a bank bail-in, the bank uses the money of its unsecured creditors, including depositors and bondholders, to restructure their capital so it can stay afloat. In effect, the bank is allowed to convert its debt into equity for the purpose of increasing its capital requirements... As unsecured creditors, depositors and bondholders are subordinated to derivative claims... the Dodd-Frank Act gives preference to derivative claims... Dodd-Frank Act ... creates statutory bail-ins, giving the Federal Reserve, the FDIC and the Securities and Exchange Commission (SEC) the authority to place bank holding companies and large non-bank holding companies in receivership under federal control... banks that are too big to fail will no longer be bailed out by taxpayer dollars. Instead, they will be 'bailed in."
Just six Wall Street mega-banks: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley. They collectively hold approximately 48% of US bank assets and deposits. The other 5,000 plus smaller banks and thrifts, they make up the remaining 52%.
If anyone of these large derivative betting US based banks were to somehow fail, dubious at best to believe the FDIC could make most unsecured depositors whole.
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