Dumping big banks now mainstream
Even the Los Angeles Times is jumping onto the dump-your-big-bank bandwagon with an article in Saturday’s business section:
Dumping your big bank? How to choose a new one
By E. Scott Reckard, Los Angeles TimesJune 26, 2010 | 7:10 p.m.
Mark and Roberta Maxwell had been zapped by fees for overdrawing funds and using the wrong ATM, and they felt their bank, the former Washington Mutual, had lost its personal touch since a takeover by Chase.
Adding insult to injury, Roberta said, they had to pay a special fee for depositing more than $5,000 in cash to their small-business account in a single month — something they might do again because Mark, a saxophone player, earns much of his living selling his smooth-jazz CDs at street fairs.
