I've written about this before, so pardon me for repeating myself (but it was years and years ago and have I really been blogging that long? Wowza), but it bears repeating. Over and over and over again. Most of the links in the old post still work, FYI.
Mother Jones had an article recently highlighting how big banks are screwing poor folks in California. Bank of (we hate citizens of) America has a deal with the State of CA to provide benefits through debit-type cards. Naturally, there are all kinds of bullshit fees attached to these cards that cut into desperately needed funds. If you're a bleeding heart do-gooder like me, that article is gonna piss you off. You have been warned.
This is how the story always goes with these blood sucking assholes. Fees up on fees upon fees. Shady practices like calculating withdrawals before deposits. Packaging and reselling debt so frequently that folks have no idea who owns their debt to work out payment plans. Illegally foreclosing on homes, particularly among military personnel while they were serving abroad. Oh, yeah, and there was that whole wrecking the economy thing.
Big banks are run by sociopaths who would skin their own mothers if they could get 50 cents for their pelts. I don't care if they are simply playing the game of a "free" market. Their actions are frequently illegal and all too often immoral. Handing over our money to these monolithic douchebags is an act of self-harm. So, despite my previous DGAF supporting ways, I beg of thee: If you are still banking with the big beasts, stop. Dump the douche. Many, many folks have written details on how you can make the switch. Smaller, community-oriented banks are rad, but nothing really beats your local credit union.
I dumped B-holes of America a few years ago and am happy as can be (after getting over the initial screw ups I committed during the switching phase). I get excellent service and have a great rate on my car loan. Most importantly, I am part of a non-profit community-oriented bank that doesn't do heinous things, such as foreclosing on a soldier or marine while he or she is serving abroad (seriously, you demons? Seriously? Soulless bastards!). The switch does take some work, but it's a one-time deal that will ultimately save you money and take yet another tool away from the bad guys. And really, who wants to be a tool for those jerks?