So with the new regime executive order declaring it essentially illegal to be unhoused, people at risk might be thinking, “how do they classify me as homeless if I am surfing between friends or family or shelters?”
One of the big answers to this is the practice of debanking. If your financial institutions catch wind that you don’t have a stable address, they will try to close your accounts and send your balance as a cashier’s check to your last legal address. At-risk people understand the many, many scenarios where even just this process could be devastating.
Some unexpected ways you can get de-banked:
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your apartment doesn’t have a legal address
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you lose home owner’s insurance or your coverage changes and your bank decides it doesn’t like that
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your building’s owner defaults
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fire
-
flood
You may be at risk and just now realizing it. If you have an MH diagnosis and you don’t have two back-up legal addresses, you are on this Ex O.
Anyway, do not get debanked. Have legal address back-up plans EVEN IF YOU TRY TO FLEE THE COUNTRY because you do not want the regime classifying you as someone they want to put in the camps.
Sorry for another US-centric post.
Holy shit.
To think I was envious of America when I was young.
Hahaha right? They sold the lie so well. But it’s so easy to do when you control the majority of the world’s media, whether it’s news, radio, television, cinema, or online streaming.
Sorry, you think it’s any one nation that’s controlling all that? Oh, my sweet summer child…
So uh. Are you trying to infer that it is a tiny set of people/corporations, or that there are other Nations in on it?
They italicized nation and not one so I believe they’re pointing to folks like murdoch
This.
Corporations run shit. “Nations” generally tell you/us to do what they’ve been told to tell you/us to do by those that pay them. FWIW, flag’s are team spirit swag; hollow brand loyalty to a non-entity that DGAF about you and never will.
We’re so fucked if this still needs saying, in this day & age. Fuuuck.
I didn’t realize I replied to two of your comments until you replied to me twice.
Hey, I appreciate the attention, fellow human. Thanks!
To be honest, this shift in our politics has been brutally quick and more federally far reaching than anything that happened while I was growing up. People used to be able to just exist. Camp in parks, sleep on benches, etc. This authoritarianism is… Somewhat new.
It started in earnest under Regan. It’s just been difficult to see where all those changes would lead until all at once it smacked us in the face.
It was slow and incremental. You can’t boil a frog by tossing it in a fryer.
It’s only been quick if you just started paying attention. This is the end result of decades of work by the GOP.
Not really. People are just less ashamed than they used to be.
I mean tresspass laws designed to prevent newly freed black people from “just existing” go back to 1865.
Sundown towns aren’t that far behind us, either.
Yeah, I was going to say something similar. The “it’s now illegal to [x] while black” memes are because the BIPOC community has known this for a long time now. Standing while black, walking while black, jogging while black, eating while black, listening to music while black, sleeping while black, etc… All of these are things that people have been attacked by cops for doing, for literal generations.
It’s not new; it’s just more visible. And it has finally become so overt that non-BIPOC people have started to feel the same pressure that BIPOC people have dealt with since the country was founded.
Do you have a source for ANY of this drivel?
I was homeless for years, and have worked with homeless addicts for the last 10 years. Never in my life have I heard of these things happening for the reasons you give. Hell even to this day I don’t update a bank with my new address.
Could you provide a reliable source for more information about this actually happening to real people en masse? I have no doubt it’s happened to someone somewhere, but would be surprised if this was a real problem and I wasn’t aware.
I have to say I agree here, hell I’ve never updated one of my open bank accounts. It still has me under my mother’s old house from when I turned 18, and I’ve moved at least 10 times since then. I’ve also helped/worked with/am friends with plenty of unhoused or at risk folks and never heard of being 'debanked. Now if OP wants to talk about getting accounts or your ID in the first place while being unhoused then that’s a different story. Plenty of times I’ve seen it be next to impossible to get these things w/o an address. Not so much maintaining it w/o an address.
Although im sure anything is possible, so I wont discount it completely.
The term has gained traction after being discussed on a November 2024 The Joe Rogan Experience podcast with investor Marc Andreessen, in particular with respect to cryptocurrency assets.
Yeah im not buying it, but the next line says instances of Muslim people having accounts closed have been covered by media. Although that’s shaky at best. What media? Who specifically? Im not convinced that this even happens often enough for people to clutch their pearls
Edits: that claim to “Muslim money” is cited and links to an ebook about Canadian Islamophobia, but its using this book as a source to say Muslim accounts get closed in the USA and its covered by “media”
Duh your moms not returning your mail to sender is she? Derp a derp
This is just disguised anti-Trump nonsense under a veil of bits of facts tossed around. This is the equivelant of the right claiming that Joe Biden is wearing a mask. Ppl on the fringe are crazy.
Sorry where did I disguise my anti-regime feelings, here? This is an anti-regime post. I am not crazy. I am your enemy.
OOOFFF GOT ME
The Wikipedia is linked with its references…
The Wikipedia in on the term debanking and what it means. Not some wild anti-Trump conspiracy to come after you.
Back when I vandwelled, I was able to set up a “declaration of domicile” so my legal address was at a mail forwarding center. You can have mail forwarded to a local post office box, or to a different address (if you’re crashing at a friend’s house or something.)
It’s a useful option when you have to move around a lot, since if you move you don’t have to change your address - just change where your mail gets forwarded to.
It does require paying for a PO Box, but IMO it’s worth it.
Though I recommend actually knowing something about the town or city of the forwarding center you use. I once had a job interviewer be from the same town as the one on my license, and had to bullshit as if I actually knew the place (and didn’t merely drive through it on a freeway a couple times.)
Unfortunately there are systems that will reject PO boxes - credit applications, mortgage and loan applications. It’s increasing and I think they’re catching wind that nomads do it, so they challenge for a “physical address” which of course must match your credit file. This is a nice way to shit on people who are trying to get out of transitional housing too, since they can easily spot group homes and halfway houses.
Sigh, I was worried they’d be getting targeted.
I wish I had more to add. But I’m just tired.
Hey do you know if this works for traveling nurses or if there is a different way that they do it?
For all other Europeans out there, avoiding this situation is another thing the EU did for us.
For the Americans, write to your representatives demanding the same rights.
Excluding people from having a bank account in 2025 is basically condemning them to ostracism even without sending them to concentration camps.
Goddammit you are an hour quicker and have found a more readable source for the same comment I wanted to write.
Anyway, this right is granted in paragraph 36 of Directive 2014/92/EU of the European Parliament and of the Council of 23 July 2014 on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features Text with EEA relevance:
Consumers who are legally resident in the Union and who do not hold a payment account in a certain Member State should be in a position to open and use a payment account with basic features in that Member State. The concept of ‘legally resident in the Union’ should cover both Union citizens and third country nationals who already benefit from rights conferred upon them by Union acts such as Council Regulation (EEC) No 1408/71 ( 1), Council Directive 2003/109/EC ( 2 ), Council Regulation (EC) No 859/2003 ( 3) and Directive 2004/38/EC of the European Parliament and of the Council ( 4 ). It should also include people seeking asylum under the Geneva Convention of 28 July 1951 Relating to the Status of Refugees, the Protocol thereto of 31 January 1967 and other relevant international treaties. Furthermore, Member States should be able to extend the concept of ‘legally resident in the Union’ to other third country nationals that are present on their territory.
I’ve long held the belief that the US postal service should also provide basic banking services too in the US, that way no one can be denied a bank account.
Did you independently reinvent https://en.m.wikipedia.org/wiki/United_States_Postal_Savings_System or did you know about the history?
I didn’t know that existed!
Its decline reads like everything else going on in the US. Government provided a service a lot of people liked, private enterprise lobbies to have it shut down and lock people into nickel and diming them.
In terms of private banks, a basic savings account wouldn’t really be a big risk for them nowadays because it’s a bare bones account. It doesn’t include things like access to credit cards or other forms of credits, or any form of long term investments.
If anything, banks might even like the idea, because it gives them a way to offload their riskier (and let’s be honest less profitable) customers without making society fully collapse.
If the system is implemented properly it’s a win-win for everyone.
I wish that was the case, but there are a lot of people that see government provided services as waste/fraud. I mean look at how the federal government is being eviscerated right now.
It would be nice if everyone could be guaranteed a safe place to manage money though.
One of the things Bernie Sanders ran on. He wanted to do that and ton more good things for us little people. But the Democrats rather have fascism under Trump then progressive policies.
The dems purposely fucked Bernie in the primary then called his supporters Bernie Bros and accused them of all sorts of awful things. Nobody should have been surprised when these very same young men flocked to trump.
I came into this thread thinking that the term de-banking was something like de-google and I was eager to find some opensource service tô get rid of the dependency of banks all together.
Boy was I wrong. /s
Good advice though!
I was eager to find some opensource service tô get rid of the dependency of banks all together.
Credit unions
Indeed, part of protecting yourself is diversifying where you keep your money (even if you don’t have a lot), and part of that answer is credit unions. Don’t just assume in institution is okay just because they are a CU though, plenty of scum CUs.
Disappointing but not surprising that the chosen solution to increasing swaths of the population no longer being supported by our economy is concentration camps. I honestly don’t think it’s that far fetched that the endgame here is they literally kill us all while acting like it’s our own fault, and the America of the future is just robots and genetic clones of billionaires.
Not just robots and billionaire clones. I think their endgame is a white ethno-christian state. These people want to make the US the headquarters for the crusades 2.0. At least that seems to be the group most pandered to behind the capitalists extracting all wealth.
I don’t buy it, I think they’re going to betray those people too eventually. Although maybe there will be a pitstop at “white christian ethnostate”
This is 100% going to be used against trans people, especially the mental illness and danger parts (remember all the cross dressing is pedophilia stuff that republicans were pushing)
I hope for the safety of all LGBTQ people in the US right now, especially the trans people. You all deserve to live unbothered, I wish it were that easy.
Currently shit scared as a gay guy with autism. I studied this, on my own, out of curiosity – how a relatively modern society can commit atrocities upon its own citizens that it deems “lesser”.
In high school, where we had entire chapters of our history books that we focused on for weeks dedicated to things like the civil war and the war of 1812, WWI and WWII were (in my recollection) split between a single chapter titled “The World Wars” or something like that, and anything later was usually glossed over in even briefer fashion (Korea, Vietnam, and the Cold War all shared a single chapter. I’m not even sure the Cuban Missile Crisis was given a sentence. But holy fuck did they want you to recount in great detail all the facts and figures of the revolutionary war and civil war, down to excruciatingly painful detail. – I digress, it just irked me then and it still does now).
My point is, nobody chased me down and beat me over the head with a textbook to research the Holocaust and how it happened, nobody made me learn the finer points of going from an economic crisis to an angry little egomaniac getting elected to gas chambers and piles of bodies. We were taught what happened, in the driest fashion, but they never taught us how it happened. For me, nobody had to. I wanted to learn, so that I’d hopefully recognize the signs if they ever happened again. And now I can’t afford to leave on my own, while watching them slowly follow the exact same playbook in almost the exact same way. You start with the most vulnerable people and expand that over time to “everyone you don’t like”, and I have no illusions about being a friend to republicans.
Also, hey, sidebar: anyone else finding the combination of “gutting NOAA funding”, “open air cages”, and “located in Florida, where devastating hurricanes regularly sweep through”, to be something Eichmann would’ve called genius? “Oops, we didn’t have any warning! Awww, shucks, shame about all those un-people we wanted to be rid of!” And the gators take care of the bodies. It’s brilliant, in a way.
my last hope is Canada opens their borders to unskilled/disabled refugees, but I don’t hold out a lot of hope.
This is absolutely a current weapon against trans people. If you know trans people who need an address, get them an address ASAP.
I’m curious if credit unions participate in this. I can’t find any information about it.
It’s pretty specific to the CU. Some CUs seem to follow “other banks de-banked you, so…” and some just don’t seem to notice or care about anything.
BuT tHeY’rE pRiVaTe EnTeRpRiSe! ThEy ShOuLd’Nt Be ReGuLaTeD. tHeY nEeD tO Be AlLoWeD tO sUpErCeDe Da LaW!1!
If you have an MH diagnosis and you don’t have two back-up legal addresses, you are on this Ex O.
Could you translate this to simple English? MH? Ex O?
Im assuming:
Mental health
Executive order
If you have a mental health diagnosis, you need to have two back-up addresses because you are being targeted by this executive order.
Your value is your money and what money you bring in for your employer and taxes. That’s it. If they can’t have access to your money in some way, you are a non-person to them.
Ehhh you are correct but some people might think that having $15,000 or $25,000 USD on hand, active direct deposits going would be enough for them, no.
You need to have “fuck you” money, like you need to be able to immediately buy an address to be immune to this. Many landlords will not rent to you without bank statements. You cannot buy property without an address unless you can do it in cash.
Why of course.
If you no longer have property, what use are you (/s)?
This country was based on property rights.
I’m sure most have noticed that a lot of law revolves around harming people OR property. If people aren’t property, why would damaging property be so severe?
And the next part is the one that blows my mind more than anything - car insurance. I don’t know about all US states, but at least mine, you are legally required to have it to cover damages to other property. Most people keep full coverage because of the expense of a new car - like a home, or a boat, etc.
This is all about the true goal of the Heritage Foundation’s plan - People to become property.
I’m not talking Black slaves, or enslaved Latinos, I’m talking everyone. Sex slaves? A thing of the past. You make a transaction for a wife. (Remember no LGBTQ+ in this world of theirs). Employees? A thing of the past. You give workers shelter, food and enough healthcare to remain profitable.
A lot of people can argue that is the current system. But a lot of people can still take time off. FMLA still protects people. People have retirement accounts. “You will own nothing and like it.”
If people aren’t property, why would damaging property be so severe?
Sorry in advance for defending the concept of defence of property. It’s not that I think it should be that way, but currently it is.
Property can easily be equated to either work or status. In today’s society, we work to earn our property. Damaging property is then damaging work, or at least the value of the work already done.
On the other end, status is something we already know that the elite value above all else, so it makes sense that attacking someone’s status is going to get punished.
So it’s not so much that people are property, but that harm to property is harm to its owners.
Yes, that’s the belief. I understand that.
But it isn’t harm to the owners. The equating harm to property to harm to the owner is what makes the idea of us not being equal a thing.
Otherwise our children would be traumatized from every piece of colored paper that we have to throw away that they bring home. The unrepairable cars, the laptops that bite the dust, the food that we consume.
That’s why people being property is no different to the elite. They are equivalent.
