Should We Transfer Accounts to Small Banks?
Question: Isn’t the best way for “us” to give the big banks a message is to take our accounts to small banks? Is there a rating of small banks to help us make an educated choice?
Paul Solman: Funny you should ask, Ms. Roberts-Pillon. We’ve shot a piece which is yet to be edited, much less broadcast, on the MoveYourMoney campaign recently underway. The story addresses the very question you ask about. Indeed, to see how it worked, I myself moved money from a TBTF bank to a small one near my home. The bank was listed here when I clicked “Find a bank or credit union.” It seems to be a reliable a set of ratings. Our story should run soon.