Who Is Keeping Track Of Bank Tranfer Day TRANSFERS

rsmith6621

(1000+ posts) Send PM | Profile | Ignore

Sat Nov-05-11 01:03 PM
Original message

Who Is Keeping Track Of Bank Tranfer Day TRANSFERS

......You know the banks wont be honest and neither the media so is actually keeping track of how many accounts are being tranfered that can be trusted....

I started the process to transfer my $$$$ from BoA to a small local bank branch on Wednesday.

Printer Friendly | Permalink | | Top

MjolnirTime

(218 posts) Send PM | Profile | Ignore

Sat Nov-05-11 01:07 PM
Response to Original message

1. It's better to pull your cash out directly. Otherwise they get to keep it a few more days.

Printer Friendly | Permalink | | Top

FarCenter

(1000+ posts) Send PM | Profile | Ignore

Sat Nov-05-11 01:38 PM
Response to Original message

2. At least some major banks report numbers of accounts, debit cards, etc. quarterly

So their next SEC 10-Q reports and quarterly earnings presentations in January will provide a lot of information about whether accounts and deposits have shrunk materially.

Before January, I doubt that there will be much information released.

Printer Friendly | Permalink | | Top

MineralMan

(1000+ posts) Send PM | Profile | Ignore

Sat Nov-05-11 01:57 PM
Response to Original message

3. If it's mostly lower-value accounts, the banks will probably

celebrate, actually. Only if larger accounts start moving will they begin to scream. I have no idea whether large-value accounts are moving or not, though. Time will tell, I suppose.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Mon Apr 29th 2024, 01:24 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.