Real Estate Agent with ADL Sunshine Realty

I can't claim that this idea is my original thought but I think it is a great one.  There is a movement in this country to get people to withdraw their money from the large banks and deposit it in a local bank.  Customers have the same protection from the FDIC as they do deposits in banks like Wells Fargo, Citi, Chase, and Bank of America.  I think we as the American people should send a message to these people that we don't like what they are doing.  This is one way to make a difference.  If everyone would do this the banks would get the message. 

Deposits in large banks are used to fund things that may not be in our best interests.  Local banks and credit unions fund things that are local, homes, autos, small businesses etc. 

Comments (2)

Brian & Val Mayer
RE/Max One | Sellers Agent - Huntingtown, MD
Listing Specialist | Realtor in Calvert County MD

Diana, I have been meaning to move out of BOA after I read that they are only helping 11% of their mortgage loan customers. The least among all major banks. I also read about how much money they have made in overdraft fees until congress had to step in on them. Great post!

Jan 08, 2010 12:58 AM

Thanks Brian,

I work a lot with short sales and I hate banks!  They don't care about their own customers.  Did you know that 98% of loan modifications never get done.  These things take almost as long as short sales do and then the only option left to customers is either foreclosure or short sale.  So much for banks taking tax payer money and then don't help tax payers.  Sorry I am on my soap box.  Have a great day!

Jan 08, 2010 01:07 AM