7 ways to beat the big banks

From the financial crisis to every hidden fee, banks keep giving us reasons to dislike them. The good news: High-tech innovations in areas like peer-to-peer lending and crowdsourcing are giving us other options.

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Sep 24, 2013 8:40PM
Don't use them!! Credit Unions are five times better for a LOAN.
Sep 25, 2013 9:06AM
Wasn't a BANK PROBLEM the original issue? Why is a BANK PROBLEM STILL an issue? Isn't resolving a BANK PROBLEM the function of CONGRESS? End banks. End the Fed. Get RID of Wall Street and let's make SURE we get every on-shore and off-shore penny every BOOB in Congress has. 90 MILLION un and under employed people in America work harder EVERY DAY than anyone in Congress EVER have-- just to SURVIVE in the wealthiest country in the world. Time for CHANGE that has some credibility and responsibility.  
Sep 25, 2013 5:56AM



Why let the banks run our lives?


We can get even any time we want to, the problem is the convenience  a credit card has to offer.


I don't know of any company that you're doing business with that won't take cash as payment, and you'll get to know the people you're doing business with and them you.


It takes a little time to drive from place to place but the money you'll save on high interest rates will more then pay for the gas.

Sep 25, 2013 11:00AM

Borrow as little as possible from competitive lenders affiliated with product sellers like auto companies and big box stores. Pay off credit cards every month. Go into the bank and get cash, never use their ATM's or other overpriced services. Do all of your investing through big investment firms like Fidelity and Schwab. Use several credit cards and if one tries to pull a fast one cancel it and get another one.

Sep 24, 2013 9:03PM

I don't care what you call it, how it's set up, if it's online or not. If it's a bank in THIS [or any other country] and the government wants it to, it WILL roll over, if the IRS or the government tells it to. ANY institution that calls itself a bank, DOES NOT have MY TRUST, unless it GETS MY permission first, to tell the government ANYTHING!!!  Their slogan should be, [if they want ME to trust THEM] should be "We don't cooperate with ANY government."


Banking IS NOT the government's GD business!!!!!!

Sep 25, 2013 4:26PM
The way to go, as weld387 commented, is Credit Unions.

They are SO much better than banks yet mentioned so seldom in this kind of article on financial sites one gets the feeling the sites are being paid off not to mention the Credit Unions.

It's like an article about ways to beat riding by horseback to the next state and not seeing automobiles mentioned.

Here are some typical points about Credit Unions you may not know:
1) They are federally insured to the same level as banks.
2) Even if they have a name like "State Employees Credit Union" (SECU) almost anyone can join them.  One with a name like that also has a lot of branches.
3) You are paid about 3x the interest rate of banks.
4) You pay absolutely-no-fees at 70,000 ATMs nationwide including those in every 7-11, Target, and Costco.  This is also true for tens of thousands of ATMs in some other US territories and English speaking countries like Canada, the UK, Puerto Rico, and Australia.
5) There are no debit-card swipe fees.
6) There are no check overdraft fees if there's enough in your savings acct. to cover it.
7) There are no nickel-and-dime fees if you have your pay or pension or Soc.Sec. check automatically deposited or if you use something like a credit union-originated automatic payment system.

Check it out for yourself!

I've known for years to stay away from tellers so I've done my own banking on my own every since. 
Sep 25, 2013 9:38AM
I would have added "bitcoin" or are we only concerned about loans here?
Sep 24, 2013 9:01PM

ONE way to beat big banks:


Be the bigger bank.  Eat the smaller ones.  Repeat.

Sep 25, 2013 1:28AM
You can't beat them.  They always come up with some new way to get you!
Sep 25, 2013 8:06AM
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