Debanking on wikipedia

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:

  • your apartment doesn’t have a legal address

  • you lose home owner’s insurance or your coverage changes and your bank decides it doesn’t like that

  • your building’s owner defaults

  • 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.

  • cyborganism@piefed.ca
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    1 day ago

    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.

    • Øπ3ŕ@lemmy.dbzer0.com
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      1 day ago

      Sorry, you think it’s any one nation that’s controlling all that? Oh, my sweet summer child…

      • virku@lemmy.world
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        1 day ago

        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?

          • Øπ3ŕ@lemmy.dbzer0.com
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            1 day ago

            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.