Update March 15, 2023 marilyn jaye lewis 4 Comments Banks expected to fail. (Get your cash out and keep it at home for now.) Share this:TwitterFacebookLike this:Like Loading... Related
4 thoughts on “Update”
Thank you for the warning. Im all for getting out of the crooked banks and Im not trying to be a smart aleck, but on a practical level, how do we pay our monthly bills without a bank (checking) account? Are we supposed to drive around town to all the utility companies, merchants, etc. that we owe money to on a regular basis and hand them cash? How do we pay our out-of-state credit cards or mortgages (one listed in the grid) if not with a checking account (or transferring payment online)? What do we do with our direct deposit incomes that get put into our accounts? I dont think Social Security and my former employer will mail cash to me. I am currently in the process of closing out my big bank account (also listed in the grid) and transferring to a local credit union, but I just dont understand how to totally withdraw all my money in my checking account and still pay my bills, so I must be missing something. Soc. Sec. said it would take 2 months before they will transfer my direct deposit check to my new credit union. Thanks for any helpful tips or advice.
Martha they advise that if you are still using one of these larger banks, to keep only enough in the account to cover your bills. Even though I use a small local bank, I still only keep enough cash in there to cover my bills. For now.
Thanks so much. Have started on that path to reduce excess cash in banks. Glad we can still use it for bill paying.
Yes. The whole situation is exhausting.❤️