Editor: Opening a bank account is more than just money in a bank. It’s the first rung on the ladder to prosperity, and a sign of independence, value, and stability. While national numbers estimate almost 7 million U.S. households are without a bank account, it’s imperative Coloradans identify friends and neighbors in need of financial help. The first step? Opening a bank account.
As the Executive Director for Independent Bankers of Colorado (IBC), I know firsthand one of the first steps to financial stability is establishing a bank account. With approximately 7 million U.S. million households without bank accounts, our goal at IBC is to connect everyone to the resources they need to open an account, seek a loan and establish financial stability.
IBC is joining the FDIC’s #GetBanked campaign in amplifying resources for first time account seekers. This is an incredibly important effort and one that we believe is at the heart of our mission: to represent the interests of the community banking industry and the communities and customers they serve. Over the next few months, we will work with our members to highlight resources over social media platforms, in newspapers and by word of mouth in the communities our members serve.
For first time account holders, community banks are a great option as they play an essential role in communities across Colorado – providing personalized service, supporting critical programs and charitable organizations and acting as good neighbors in their communities.
— Mike Van Norstrand, via letters@sentinelcolorado.com
And have you noticed how hard it is to open a new account?
But really, why do people need an account at an actual bank? Young folks today find mobile bank apps to be all they need. I don’t understand them, but apparently, it must work. I just hope those are still regulated by the government (not that any governmental regulations are in place truly to help people). No bank actually has money, and banks have become part of large conglomerates, all controlled by the World Bank. In the not-too-distant future, everything will be handled with online “currency.” It’s the new world order of things. Very soon, checks will not be a thing. If people are leery of giving bank information for ACH or online payments, what do they think happens when you write a check? You give an unfamiliar party and all its employees a piece of paper with your name, address, bank and account numbers. Easy-peasy and you don’t even have to be hacked. Think about it.
It’s not that difficult to figure out why banking accounts have eroded as population increases. Lets look at a juicy incentive as a logical reason. There are many folks, and more now from outside the US willing to work under the table, thus reporting no taxes. But having cash the best fungible thing to be traded for other products, who needs, who wants, Government guardianship looking into “What’s in your wallet?