Is It Time To Pull Your Money Out of Bank Of America?

I have BoA. I have no clue what this means or what to do. But if I am going to loose my money, I need someone to tell me b/c I am not financially savvy enough to figure it out myself. I try to listen to everything that is going on with the economy, but I feel really lost in it all. It is so over my head. So, I really don’t know what to make of this.

I would recommend getting out and bolting for your local credit union. Credit Unions have largely been unaffected by the current financial “crisis”. On top of that they are a great place to stash your money.

Switch to Wells Fargo. By far, Americas safest Bank! ! !

Pull now and watch for some action on the part of the Feds this Thursday and Friday. With Greenspan and Dodd citing nationalization this appears imminent.

So what did you end up doing? I am still with Bank of America. I am not sure that it matters what bank I am with if they are all doing bad.

yeah, I am still with BoA. It’s a daunting task to think about switching when you have two paychecks on direct deposit and three bills on direct pay as well. It’s not that tough to switch that stuff, but who has time to think about it during the week.

I think a lot of banks are in the same position but I pulled out over the summer. I just didn’t feel secure leaving my money there. I went to wells fargo instead

We were with Wells Fargo. I didn’t trust them, simply because even the Tellers can’t make change correctly. That was good enough for me. We decided to try Core Trust, then finally Bank of America, The help anymore is worse than McDonalds.

Finally, seen this economic BS getting worse and I mean, If you don’t have 100,000 or more in the Bank, what do you need a Bank Account for? You are your own Bank. We pay a couple Bills with Money Orders. Big deal.

Took our cash out in 100.00 dollar bills, easy to do, Close everything. less than 1% on savings, why let them hold your cash!??

Our money is safe in a Vault at home. we go any place, just take some cash with. Nobody knows who you are, no address, no drivers license to be stolen off your Checks,total privacy and safety.

We got a nice income tax return, WALMART cashs checks up to 6000.00…..

Get your money out while you still can, the big one is very close!

i apoligize for the miss typed comment above me . yet,jim and mary have the right idea spend the extra thousand dollars by a vault and have your money sent into cash. its a million times safer and wtih the econmys money trouble i dont trust my money to anyone. i am an average citizn working a normal sales job makeing a normal wage and i keep it in my safe. theres no withdrawl fee no way for anyone else to get any of my money . its SAFE. pay your checks with money orders sale your house and rent one. dont use credit cards . theres no lose for you only gain pay everything in money orders and pay the person you are renting from in cash. then you dont have to deal with credit scores or anything. its a financial step i think everyone should take . im not some liberal tree huger im smart an dont trust banks with my money . plus, no identitys will be stolen through the bank

take your money out of BoA now!!

1) lawsuits are piling up on BoA and they’ve lost 60% of their net worth in a couple of years
2) there is no mood in the country another bank bailout and there is no end in sight for the mortgage collapse
3) it is the money you keep there that enable BoA’s malpractices

if you don’t want to close it all together, but at least don’t keep the bulk of you saving in BoA. transfer the bulk of your assets in a bank you trust, preferably a local bank. if you have direct deposit, just setup automatic payment to your preferred bank account.

from id theft, it may be better to close the account altogether, but honestly, i think once they have your info in the system, it’s too late to protect yourself by closing the bank account.

move your money to a credit union. everyone can find one to serve them – they’re usually locally owned and pay **slightly** better rates on deposits. You’ll also find them a good source for car loans, etc….

All these comments are from non financial people with $500 in BA. Why would you even consider and advise from these people without 2 nickels to rub together?

Crazy stupid

You are a moron