Chase Bank is a robber. They rob you with outrageous, undisclosed fees They lie in wait and when you’re the most vulnerable, they pounce, and beat the heck out of you and take your money. And this after you have already given them their extortion money through your taxes. Your taxes are supposed to go to the common good of all the citizens. You have been extorted. Your tax money was just handed over to them because they could prove they were incompetent as a bank. They steal your tax money. You had no say in it, yet it’s gone from your pocket. Then they have the nerve to jack up their fees and penalties and rob you a second time.

Chase Bank is evil. I hope you realize you don’t have to put up with this. You have options. I have had personal experience with getting mugged by Chase Bank just recently and I’m really peeved. But it’s not just Chase, it’s Bank of America, it’s all the major banks and credit card companies. But you don’t have to play their game. You can go to smaller banks. Banks that knew and still know what they are doing. They are professionals who are careful with their corporate policy. Didn’t buy junk and try to sell junk and then got caught with their pants down.

Small Banks and Credit Unions are the solution. Small Banks play by different rules. They are concerned about their investments and are concerned about your investments. You can deal with them one on one and they know what they are doing. They belong to all the major ATM networks. Have on-line banking. Free checking. Debit cards. FDIC insured. DBA accounts for small businesses. A host of investment vehicles. They can meet all your needs. Take my advice, let the criminals die a slow death in their own greed and incompetence. Just make sure you are not still one of their victims (customers) while they accelerate their embezzlement (fees and penalties).

An unrepentant, corporate criminal will continue their criminality just as any street criminal will. Giving them more money is not going to stop their criminality, only encourage it. Get away from them now.

The steps to take are as follows:

1. Find a local, small bank that does not advertise on TV. I drove around my neighborhood and found “Home Savings of America”. Very pleased with them. You can find listings of local, small banks on the Internet, or just drive around.
2. Open a checking account and two savings accounts (one for saving for large purchases and one for your emergency fund). Set up on-line banking and join all accounts so you transfer money to and from them all
3. Go on-line and open a checking account and another savings account with ING at www.INGdirect.com. Setup where you can transfer money back and forth from your ING accounts and your new local, small bank accounts.
4. Set up your direct deposit at your work, to put 80-90% of your money to one bank and 10-20% to the other.

The Best of Both Worlds

Now if you want a lot of money fast, you can go to your local bank and withdraw. You’re not being dependent on ATMs and you have the flexibility and safety of 2 systems of checking and savings accounts.

I use my ING checking to pay all my monthly bills and the ING savings to store up for my insurance bills that are due every 6 months and annually.

I use the checking account at the local bank for groceries and incidentals. Because the monthly bills are paid out of their own separate account, I can’t accidentally use that money for incidentals. Your bills will always be paid and you’ll always know how much discretionary money you have available.

The 2 savings accounts at the local, small bank are first, for saving up for large purchases, and the second savings is for your emergency fund. People in the know are saying 12 to 18 months these days, instead of the previous 3 to 6 months of living expenses.

Saving Saves on Insurance

Incidentally, once you get a thousand or so in one of these savings accounts, you can increase your insurance deductibles on all your policies to $1,000 because you’ll have it stashed. Why pay higher insurance rates for something you already have covered?

Summary:

How not to get Mugged?

Don’t go where the muggers are.

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Martin O’Hara writes on business and personal finance related issues. You can learn more by visiting his blogs, Success With Personal Finance and Money Hidden at:

http://successwithpersonalfinance.blogspot.com/

and

http://moneyhidden.com/

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