Why I’m sad about leaving Bank of America
I know I shouldn’t be at all emotional, but honestly, I find myself a bit verklempt about moving my bank accounts out of Bank of America. Yes, it’s a hassle, but it needs to be done, as the Move Your Money Project makes amply clear. Since they’re a national bank, the biggest part of every dollar I deposit with Bank of America goes into the financial system and leaves my community. And if B of A uses my deposits to fund reckless speculation, fat bonuses for their execs or donations to Tea Party Congressmen, then my money will be harming America. And as a Transitioner trying to relocalize my area’s economy, I’ve felt especially guilty staying with a big corporate bank.


