Your Bank Hates You: From Banks to Credit Unions

My First Experience with a Big Bank

What’s going on with the big banks today reminds me of what happened in the early 1990s. When I went to work for Leadership Directories, Inc. (Back then it was called Monitor Publishing, but eventually changed its name because Monitor is the name of the paper the Christian Scientists publish – which we had nothing to do with)… oh that was a heck of a digression.

Anywho, when I went to work in NYC in 1991, I opened an account at Manufacturer’s Hanover. “Manny Hanny” was a pretty big bank, but it was regional to New York City. Plus, being based in NYC as it was, I could get money out of a MAC anywhere in the city. 

For those who don’t know MAC stands for “Money Access Center,” the old northeast version of ATM. By the way, never call an ATM an “ATM Machine.” ATM stands for Automated Teller Machine, so if you say ATM Machine you are really saying Automated Teller Machine Machine. And that’s idiodic. Like saying PDF File. PDF stands for Portable Document File, so really you are saying Portable Document File File. You are using an RAS. Please stop. Try not to sound like a mentally-challenged platypus. But again, I digress…

So I could get money once I got to the city via the PATH train, or on the way home via a MAC machine. (“MAC machine” is, by the way, allowable since there is no redundancy.) Checking was free as long as there was a direct deposit from my place of work. Not a problem at all and I had that Manny Hanny account for about a year. I actually used to walk through this door to do my banking.

The Manny Hanny Golden Door on 34th St.

Then they merged with Chemical bank. Chemical was having trouble with bad real estate loans (sound familiar?) and Manny Hanny was having problems with international loans (Argentina and Mexico, in particular), so they decided to join forces. At the time it was the largest bank merger in American History.

At first it was no big deal. Until Chemical – as the new bank was called – decided to close 70 locations. That put a damper on where I could get money, when I could get money, and how I could get money. No big deal, just a little bit more planning and walking and waiting in lines. Until…

Chemical decided that they did not want to deal with piss ants like myself. They decided to up the amount you had to have in your account to about $1,500 or they were going to start charging. People who were living paycheck to paycheck, people just starting out, or just starting over, or just making ends meet…people like my friends and I, didn’t have that money just laying in a bank. And they wanted rid of us. We were a PITA to them. They didn’t make any money off our piddly little checking account balances. We cost them money, so they put up barriers that basically forced us all to move. I went to Pamrapo Savings & Loan in Hoboken. Right across from the PATH, so again easy to get money going in or out of the city. My friends also changed banks. 

My 2nd Experience with a Big Bank

Eventually, however, I found my way back to a big bank. The big bank: Bank of America. I was fairly happy with them. Until... first they wanted to charge me $40 just to have one of their credit cards. Say what? A $40 fee on a $2K card. Please. Then they started to take away the free checking. That was that. Buh-bye.

Does this sound familiar? It should.  Bank of America is jacking up debit card rates and Citi is changing all sorts of requirements for depositors. Its not just the nationals. Regions, First Tennessee, and Suntrust all jerking around their customers with fees. It appears that the banks have decided that we aren’t worth it. They don’t want to deal with the “loser” working class anymore. Fine. Or they want us to move to credit cards so they can make even more money off of us. Fine. Piss on them.

Take your money out. Find a credit union. You can start here. And here. And here too. Forget the big banks. We bailed them out. They took our money. Now they are using the money that we saved them with to charge us to use our own money. Eastman Credit Union is my new financial institution.


And the colonists thought King George was a nonrepresentative taxer! If Thomas Paine and Sam Adams, etc. could see what was going on now, they’d be right in the thick of #occupywallstreet, in their white powdered wigs, getting ready to burn down some buildings and start another revolution!

What ever happened to my old Manny Hanny? Chemical....


was bought by Chase...

...which merged with JPMorgan...

...and is now JPMorganChase. 

JPMorganChase is one of the biggest banks in the world, like BoA, Wells Fargo, and Citi. We bailed them all out. They are all  charging people to use their own money. Leave them. They don't love you. In fact, they are abusive, not only to you as a customer, but to our country as well. Leave them. GTFO.