I had a millionaire mentor teach a group of us this work around. When his bank stopped allowing it, he asked them if they hated free money. Went to the competitor across the street, told them what he was doing & asked if they would allow him to do kt with them & transferred all of his accounts within an hour of being told no bank would allow him to do it at his original bank.
He said he would never forget the look of shock & humiliated anger he recieved when he walked back into the same branch manager & requested to have his accounts shut down so he could take everything across the street.
Haha I did something very similar at a community credit union. They pulled a bait and switch on paper work, a couple %.
My Frens mother was the Unions president. (She told me to take the money and run) fuck that bitch she said. (Sales associate was Knowin for that to "pump" her numbers)
Frens mother couldn't really help me after. (Legal situation) So In retaliation, my family moved every acct. And every last penny. Damn near sunk a branch over night.
I would have brought up that specific issue during a yearly members meeting. There would likely have been some pretty upset members that side of hand crap was happening to them & other members.
I am so grateful the credit union I use still has a strong small community attitude. Branch managers still rant about FDIC & other rules that cause issues with members. An older one that retired about 20 year ago would complain openly about how CUs had become too much like banks instead of their intended function of helping their members figure out loans vs focusing on larger divedends for members.
I had a millionaire mentor teach a group of us this work around. When his bank stopped allowing it, he asked them if they hated free money. Went to the competitor across the street, told them what he was doing & asked if they would allow him to do kt with them & transferred all of his accounts within an hour of being told no bank would allow him to do it at his original bank.
He said he would never forget the look of shock & humiliated anger he recieved when he walked back into the same branch manager & requested to have his accounts shut down so he could take everything across the street.
Haha I did something very similar at a community credit union. They pulled a bait and switch on paper work, a couple %.
My Frens mother was the Unions president. (She told me to take the money and run) fuck that bitch she said. (Sales associate was Knowin for that to "pump" her numbers)
Frens mother couldn't really help me after. (Legal situation) So In retaliation, my family moved every acct. And every last penny. Damn near sunk a branch over night.
I would have brought up that specific issue during a yearly members meeting. There would likely have been some pretty upset members that side of hand crap was happening to them & other members.
I am so grateful the credit union I use still has a strong small community attitude. Branch managers still rant about FDIC & other rules that cause issues with members. An older one that retired about 20 year ago would complain openly about how CUs had become too much like banks instead of their intended function of helping their members figure out loans vs focusing on larger divedends for members.