Posted on Jul 18, 2016
Who is tracking this new "Bank-Black" movement where blacks are being encouraged to transfer to blacks-owned banks?
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Posted >1 y ago
Responses: 10
You know what I look for in a bank... that my money is FDIC insured. It doesn't even make sense to walk into a bank and be like "I demand to see the owner. Oh I'm sorry, we don't share a skin color, so I'm taking my money elsewhere". Seriously, I don't care if my bank is run by the Italian mob, the Japanese Yakuza or a white boy with a gambling problem. All I want is my money to be insured so that if something happens, I can get my money back.
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We are aware. I don't believe that it's asking you to transfer all of your funds, but at least $100 as a start to support black owned businesses. That my understanding of it.
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Honestly it sounds like self segregation. I understand the purpose, but would encourage people to shop for the bank that treats them right while giving them a healthy return on investment.
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