I’ve been carping on my friends lately that they should dump Bank of America. Their latest scheme to extract money from their customers comes in the form of a $5 monthly fee for debit card use. I’m hoping the $5 monthly fee can be sufficient impetus to finally dump that shitty bank.
I’m a proponent of Arianna Huffington’s Move Your Money Project. By proponent, I mean a booster: someone who touts the principle as one worth following. Though as much as I’ve touted the project, I still have an account at a national, too-big-to-fail bank: Wells Fargo. I have my main accounts with Wells Fargo for the simple reason that there is a Wells Fargo ATM across the street and a Wells Fargo branch a block and a half away. This convenience is hard to give up, but I dislike being a hypocrite even more than giving up the convenience (and I do feel like having a Wells Fargo account makes me a bit of a hypocrite).
Since Wells Fargo is also planning on a debit card fee, I’ve decided it’s a great opportunity to open an account at a local credit union and move my money.
I have two to choose from, the San Francisco Federal Credit Union or the San Francisco Fire Credit Union.
The San Francisco Fire Credit Union has five stars on yelp and a pretty website, so I’m going with them. Also, I can sign up online! After fifteen minutes suffering though some seriously annoying user interface issues on their website, I have an account! Yay!
If you’re going to join me in moving to SF Fire Credit Union, I suggest you go into their branch. The new-account stuff on their website is frustrating and may turn you off.