Then there are the General Assemblies (GAs)!
General Assemblies are where consensus voting and logistics get hashed out; plans for Direct Action are decided upon; committees are formed (like media, outreach, legal, direct action, etc.). The next General Assembly is October 30th at 1:00pm on the Worcester Common.
These 7 simple steps to moving your money is from the MoveYourMoneyProject.org website. They also have helpful resources for finding the closest credit unions and/or local banks to you.
General Assemblies are where consensus voting and logistics get hashed out; plans for Direct Action are decided upon; committees are formed (like media, outreach, legal, direct action, etc.). The next General Assembly is October 30th at 1:00pm on the Worcester Common.
On November 5th (Remember, Remember the Fifth of November), Occupy Worcester is joining the Move Your Money Project by participating in the national Bank Pullout. If you have an account with a mega-bank like Bank of America, Citibank, Morgan-Stanley, Wells Fargo, etc. please consider completely moving your money into a community bank and/or credit union.
Divesting your money from these major banks and investing your money in a local financial institution means your money will be reinvested in small local businesses. This bolsters and helps stabilize local economies and encourages local growth. Furthermore, Wall Street banks like Citibank and Morgan-Stanley have used our money to finance dirty energy initiatives, like Massey Energy, that destroy our climate and planet and will eventually leave an uninhabitable wasteland for future generations. So please understand the impact that simply moving your money can make.
7 SIMPLE STEPS TO MOVE YOUR CHECKING ACCOUNT
1. Open Your New Account
In most cases, you should be able to open a checking account with an initial deposit of $35 to $100. At a credit union, you'll also become a member and co-owner at the same time.
2. Order New Checks and an ATM/Debit Card
These typically arrive within 1 to 2 weeks. You should also consider applying for a credit card from your new local bank or credit union at the same time.
These typically arrive within 1 to 2 weeks. You should also consider applying for a credit card from your new local bank or credit union at the same time.
3. Ask Your Employer to Reroute Your Direct Deposit
When you open your new account, ask the bank or credit union for a direct deposit authorization form that includes your new account information. Give this form to your employer and anyone else who makes direct deposits to your account. It may take one or more pay cycles for the change to be made, so keep your old checking account open and watch for the swith.
When you open your new account, ask the bank or credit union for a direct deposit authorization form that includes your new account information. Give this form to your employer and anyone else who makes direct deposits to your account. It may take one or more pay cycles for the change to be made, so keep your old checking account open and watch for the swith.
4. Contact Companies that Direct-Debit Your Account
Using your last bank statement, make a list of any businesses that you've authorized to directly debit your account. Ask your new bank or credit union for an automatic payments authorization form that includes your new account information. Send this to the businesses on your list.
Using your last bank statement, make a list of any businesses that you've authorized to directly debit your account. Ask your new bank or credit union for an automatic payments authorization form that includes your new account information. Send this to the businesses on your list.
5. Set-up Online Bill Paying for Your New Account
If you like to pay bills online, set up bill payment information for your new accoutn. Also, top automatic, recurring payments you have established through your old account.
If you like to pay bills online, set up bill payment information for your new accoutn. Also, top automatic, recurring payments you have established through your old account.
6. Close Your Old Account
Once you have started receiving direct deposit into your new account and are sure that there are no outstanding checks or automatic debits that need to clear, close your account. Warning: do not just withdraw the last dollar and assume the account will fade away on is own. Your old big bank may start chargin you fees for having an empty or inactive checking account. Instead, follow the bank's procedure for closing out the account.
Once you have started receiving direct deposit into your new account and are sure that there are no outstanding checks or automatic debits that need to clear, close your account. Warning: do not just withdraw the last dollar and assume the account will fade away on is own. Your old big bank may start chargin you fees for having an empty or inactive checking account. Instead, follow the bank's procedure for closing out the account.
7. Enjoy Your New Local Banking Relationship!
Thank you.
~Shreena
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