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    I have a strong feeling that Move Your Money is going to be a mixed
    blessing to all involved.&nbsp; These are small, sometimes sleepy
    institutions that often rely on doing less common operations
    manually because that is appropriate to current scale.&nbsp; What is
    going to happen when the sudden influx of customers overwhelms
    manual operations?<br>
    <br>
    I strongly support move your money.&nbsp; I also recommend patience with
    your new institutions while they scale up.&nbsp; Consider how good it
    will be for community investing if we all move our money into small
    banks, and then just as they commit finances to new systems we move
    our money back out.&nbsp; <br>
    <br>
    Pessimistically I also wonder how much we are going to see of cases
    of moving our money to Little Bank of San Francisco only to find six
    months later that Little Bank of San Francisco is bought by Bank of
    America.&nbsp; I guess this is why we need various legislation.&nbsp; <br>
    <br>
    -Claudia <br>
    <br>
    <br>
    On 10/31/2011 6:25 PM, Olya K wrote:
    <blockquote
cite="mid:CAOcqtRLd0prYfnw2vmKeZ2k4fAsQB2eJyzB0NAagno1iKRs0vg@mail.gmail.com"
      type="cite">Does anyone have experience with New Resources Bank?
      <div><a moz-do-not-send="true"
          href="https://www.newresourcebank.com/">https://www.newresourcebank.com/</a></div>
      <div><br>
      </div>
      <div>Apparently they're about sustainability..</div>
      <div><br>
      </div>
      <div>Olya<br>
        <br>
        <div class="gmail_quote">On Thu, Oct 27, 2011 at 10:22 PM, Ryan
          Rawson <span dir="ltr">&lt;<a moz-do-not-send="true"
              href="mailto:ryanobjc@gmail.com">ryanobjc@gmail.com</a>&gt;</span>
          wrote:<br>
          <blockquote class="gmail_quote" style="margin:0 0 0
            .8ex;border-left:1px #ccc solid;padding-left:1ex;">
            charles schwab is great - smartphone checking deposits and
            refund of<br>
            ATM fees. &nbsp;no cash services, but oh well.<br>
            <div>
              <div class="h5"><br>
                On Thu, Oct 27, 2011 at 10:16 PM, Nick P &lt;<a
                  moz-do-not-send="true" href="mailto:nickbp@gmail.com">nickbp@gmail.com</a>&gt;
                wrote:<br>
                &gt; SF Fire does have a catch -- their deposits are
                only privately<br>
                &gt; insured. Since the insurance risk pool is far
                smaller compared to<br>
                &gt; FDIC/NCUA, and since they lack government backing,
                if one member<br>
                &gt; institution fails, there is a much greater risk of
                a panicked run<br>
                &gt; powerful enough to bring down all other member
                institutions, even<br>
                &gt; those which may have been solvent before the run
                began.<br>
                &gt;<br>
                &gt; To put it a bit plainly, SF Fire's management
                decided a few years ago<br>
                &gt; that saving a bit on deposit insurance fees was
                worth the tradeoff of<br>
                &gt; more risk for their members' deposits. So if you do
                decide to go with<br>
                &gt; them, I don't recommend leaving a significant
                amount of money in your<br>
                &gt; account. See also: the failure of RISDIC back in
                1991, which closed 45<br>
                &gt; institutions and froze 300,000 accounts, and the
                similar failures in<br>
                &gt; Ohio and Maryland in 1985:<br>
                &gt; <a moz-do-not-send="true"
                  href="http://www.bos.frb.org/economic/neer/neer1993/neer393a.pdf"
                  target="_blank">http://www.bos.frb.org/economic/neer/neer1993/neer393a.pdf</a><br>
                &gt;<br>
                &gt; I use USAA checking myself; their banking is open
                to all. They, Schwab<br>
                &gt; Bank, and Ally Bank all offer ATM refunds, but if
                you frequently need<br>
                &gt; to see a banker in person then these are probably
                not too practical,<br>
                &gt; since they mostly do things by internet/phone/mail,
                but with things<br>
                &gt; like free postage-paid deposit envelopes, they're a
                good option for<br>
                &gt; most people.<br>
                &gt;<br>
                &gt; Mechanics Bank also offers ATM refunds with their
                Relationship<br>
                &gt; Checking account, though they're mostly East Bay,
                with the exception<br>
                &gt; of a branch in the financial district.<br>
                &gt; _______________________________________________<br>
                &gt; Noisebridge-discuss mailing list<br>
                &gt; <a moz-do-not-send="true"
                  href="mailto:Noisebridge-discuss@lists.noisebridge.net">Noisebridge-discuss@lists.noisebridge.net</a><br>
                &gt; <a moz-do-not-send="true"
                  href="https://www.noisebridge.net/mailman/listinfo/noisebridge-discuss"
                  target="_blank">https://www.noisebridge.net/mailman/listinfo/noisebridge-discuss</a><br>
                &gt;<br>
                _______________________________________________<br>
                Noisebridge-discuss mailing list<br>
                <a moz-do-not-send="true"
                  href="mailto:Noisebridge-discuss@lists.noisebridge.net">Noisebridge-discuss@lists.noisebridge.net</a><br>
                <a moz-do-not-send="true"
                  href="https://www.noisebridge.net/mailman/listinfo/noisebridge-discuss"
                  target="_blank">https://www.noisebridge.net/mailman/listinfo/noisebridge-discuss</a><br>
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      <pre wrap="">_______________________________________________
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      <p class="" avgcert""="" color="#000000" align="left">No virus
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