Banks

Davis is home to several different banks, where you can store your Money. Or, you may prefer to do business with a credit union, which are not-for-profit cooperatives that offer the same services as a bank. Any earnings benefit members instead of going to billionaire bank owners or shareholders of corrupt banking corporations. Big Banks control massive amounts of wealth and with this wealth they wield great political power by influencing and bribing politicians to approve favorable legislation. Big banks are responsible in the past for predatory lending and other decisions that brought about the housing collapse as well as the downfall of the economy. Moving your money away from the Big Banks reduces the power that Big Banks have over politicians in government.

The Big Banks have become so big that if one of them fails, it would bring down the entire economy with them. We need to reduce the risk of this happening by moving our money away from the Big Banks who want a monopoly by controlling everyone's money. Moving money from Big Banks to smaller locally owned banks or credit unions will reduce the power that Big Banks have over the entire economy. A collapse of a bank such as Citibank would have devastated our economy and increased inflation to extreme levels. Allowing these banks to become too big is what caused them to have such a dramatic effect on our economy.

The Government has listed several banks as "too big to fail." The government would use taxpayer money to keep these banks afloat even though they deserve to go bankrupt due to their own poor financial decisions and corrupt leadership. Regular citizens already have financial problems of their own, and they aren't getting a helping hand from the government to prevent their own bankruptcies like the Big Banks did.

Davis's banks include:

• Bank of America (Downtown) Checks cost extra.
  

• Chase (Downtown) Student plan: Free Chase College Checking - No monthly fee, free ATM/VISA check card, free online bill pay, no direct deposit requirement, overdraft protection available for a fee, checks cost extra. After you leave school you will have a monthly fee.
  

• First Northern Bank (Downtown)
  

• Premier West Bank (Downtown)
  

• River City Bank (Downtown)
  

• US Bank (Downtown)
  

• Union Bank (Downtown) Checks cost extra.
  

• Washington Mutual Acquired by Chase
  

• Wachovia Departed Business, now part of Wells Fargo
  

• Wells Fargo (Downtown, The Marketplace, Oakshade Town Center) Warning: Wells Fargo will forbid customers from suing them or engaging in class action lawsuits as of 02/15/12 by changing their customer agreement. You will be at the mercy of whatever Wells Fargo decides to do with your money. College Combo Account requires $500 balance or direct deposit of $25 or more or else there will be a $3 monthly fee. Checks cost extra.
  

• World Savings Bank Departed Business, became Wachovia

Credit Unions in Davis offer better deals than most banks. They provide all of the services of a bank such as checking and savings accounts. This includes free ATM/debit cards, free online banking and bill pay, no monthly fees, no minimum balance, and one credit union even offers free overdraft refunds. All Davis credit unions are part of the Co-op ATM Network which includes 28,000 free ATMs. When you join a credit union you can use virtually any credit union ATM nationwide for free. Students and residents of Davis can join any of the credit unions in Davis.

• Golden 1 Credit Union - First box of checks free with new student checking accounts, no minimum balance, no monthly fee, free online bill pay. You can scan and deposit checks online from a computer with a scanner for free.
  

• Travis Credit Union
  

• University and State Employees Credit Union - 1 free overdraft/year, free online bill pay, no minimum balance or monthly fee. You can scan and deposit checks online from a computer with a scanner for free. Earn $25 for referring a new member. (Up to $150 maximum). New referred members will get $25. (Membership is open to students & Davis residents.) No annual fee credit cards.
  

• Yolo Federal Credit Union - Largest number of surcharge free ATMs: US Bank ATMs, MoneyPass ATMs, and Co-op ATMs (at Credit Unions). Student checking account has no monthly fees. Free e-checking account available. Free online bill pay.

Also see ATMs, Credit Unions, or perhaps you're interested in Foreign Currency Exchange.

Comments:

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2012-08-24 13:25:29   It seems that someone has decided to commingle descriptive information with a big load of political ideology. I don't want to censor anyone, but most of this stuff should be on a separate "Politics of Banking" page. —GregKuperberg