{"id":14832,"date":"2023-03-22T15:35:22","date_gmt":"2023-03-22T20:35:22","guid":{"rendered":"https:\/\/smallbizsurvival.com\/?p=14832"},"modified":"2023-03-23T10:25:14","modified_gmt":"2023-03-23T15:25:14","slug":"move-your-money-and-bank-local","status":"publish","type":"post","link":"https:\/\/smallbizsurvival.com\/2023\/03\/move-your-money-and-bank-local.html","title":{"rendered":"Move Your Money and Bank Local"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-14836 size-large\" title=\"Graphic via AMIBA\" src=\"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/Move-Your-Money-bank-local-invest-local-800x450.png\" alt=\"Move Your Money, bank local, invest local. \" width=\"800\" height=\"450\" srcset=\"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/Move-Your-Money-bank-local-invest-local-800x450.png 800w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/Move-Your-Money-bank-local-invest-local-300x169.png 300w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/Move-Your-Money-bank-local-invest-local-768x432.png 768w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/Move-Your-Money-bank-local-invest-local.png 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><strong>April is traditionally Move Your Money Month in the shop local community.<\/strong> Bank Local and Invest Local are the financial parts of the shop local movement.<\/p>\n<p><strong>In 2023, the timing couldn&#8217;t be more noticeable.<\/strong> High profile bank failures, lots of talk about other banks in trouble, and a serious debate about the financial system (AGAIN!) make <a href=\"https:\/\/amiba.net\/thank-you-svb\/\">Moving Your Money to a local bank<\/a> more attractive than ever.<\/p>\n<p>Local banks still exist in many small towns, and some of you have multiple local bank choices. If you don&#8217;t have a locally owned bank, regional banks may be a better bet than the giant banks.<\/p>\n<p><strong>If you have concerns, talk to your local or regional bankers.<\/strong> Some like <a href=\"https:\/\/mycitizens.bank\/team\/jill-castilla\">Jill Castilla of Citizens Bank in Edmond, Oklahoma<\/a>, (admittedly in a suburb, but still a great role model) go to great lengths to be accessible to their community.<\/p>\n<p>Find your bankers online or at community events. Ask questions about how they manage the kind of risks that brought down big banks recently. See what you think of the answers. (Hint: they&#8217;re much more careful.)<\/p>\n<h2>Move Your Money<\/h2>\n<p>Really, it&#8217;s not that hard to move your money to a local bank. <strong>You&#8217;ll likely get all the important services you&#8217;ve come to rely on<\/strong> like mobile deposit and online bill pay. Even the bank in my tiny community of 30 people is online-savvy. (Shout out to <a href=\"https:\/\/hopetonbank.com\/\">Hopeton State Bank: Shaped by the past, Focused on the future<\/a>.)<\/p>\n<p>Need the how-to-move list? Search or ask your favorite AI for a list of steps to move to a new bank.<\/p>\n<div id=\"attachment_14837\" style=\"width: 810px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.peoplefirsteconomy.org\/move-your-money\/\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-14837\" class=\"wp-image-14837 size-large\" src=\"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/9-HowTo_All-1024x1024.png-800x800.webp\" alt=\"How to move your money: Open Your New Account at Your Chosen Community Bank or Credit UnionOrder New Checks and an ATM\/Debit Card. Ask Your Employer to Reroute Your Direct Deposit. Contact Companies that Direct-Deposit Your Account. Set-up Online Bill Pay for Your New Account. Close Your Old Account. Enjoy Your New Local Banking Relationship!\" width=\"800\" height=\"800\" srcset=\"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/9-HowTo_All-1024x1024.png-800x800.webp 800w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/9-HowTo_All-1024x1024.png-300x300.webp 300w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/9-HowTo_All-1024x1024.png-150x150.webp 150w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/9-HowTo_All-1024x1024.png-768x768.webp 768w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/9-HowTo_All-1024x1024.png.webp 1024w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-14837\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.peoplefirsteconomy.org\/move-your-money\/\">People First Economy<\/a><\/p><\/div>\n<h2>Run a Move Your Money campaign in your community<\/h2>\n<p>Join the <a href=\"https:\/\/amiba.net\/call-for-partners-bank-local\/\">Move Your Money movement at AMIBA<\/a> (American Independent Business Alliance). They&#8217;ll email you with resources throughout April. Check the <a href=\"https:\/\/amiba.net\/top-5-reasons-to-choose-a-community-bank-or-credit-union\/\">Top 5 Reasons to Choose a Community Bank<\/a>.<\/p>\n<p>Get inspired by the resources page from <a href=\"https:\/\/monadnocklocal.org\/investing\">The Local Crowd in Monadnock, NH: Move Your Money<\/a><\/p>\n<p><strong>Advocate for change<\/strong> with the policy-level info from the <a href=\"https:\/\/ilsr.org\/banking-2\/\">ILSR on Community Banking<\/a>.<\/p>\n<h2>Discover more about local banking and local investing<\/h2>\n<p><a href=\"https:\/\/smallbizsurvival.com\/2010\/01\/beyond-shop-local-is-bank-local.html\">Beyond shop local is bank local<\/a>, 2010<\/p>\n<p><a href=\"https:\/\/smallbizsurvival.com\/2011\/10\/local-investing-could-solve-several.html\">Local investing could solve several rural business problems<\/a>, 2011<\/p>\n<p><a href=\"https:\/\/smallbizsurvival.com\/2012\/03\/local-investing-will-change-face-of.html\">Local investing will change the face of small towns<\/a>, 2012<\/p>\n<p><a href=\"https:\/\/smallbizsurvival.com\/2013\/10\/small-town-banks-know-lots-that-big-banks-dont.html\">Small Town banks know lots that big banks don\u2019t<\/a>, Small Town Rules, 2013<\/p>\n<p><a href=\"https:\/\/smallbizsurvival.com\/2014\/06\/community-banking-is-critical-to-small-towns.html\">Community banking is critical to small towns<\/a>, audio, more from Jill Castilla (mentioned above), 2014<\/p>\n<p><a href=\"https:\/\/smallbizsurvival.com\/2020\/06\/economic-self-defense-for-small-towns.html\">Economic self defense for small towns<\/a>, 2020<\/p>\n<h2><a href=\"https:\/\/smallbizsurvival.com\/get-updates.html\">Subscribe to Small Biz Survival<\/a><\/h2>\n<p>Will you run a Move Your Money campaign? Send us your small town business stories, and let us know what questions you have.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>April is traditionally Move Your Money Month in the shop local community. Bank Local and Invest Local are the financial parts of the shop local movement. In 2023, the timing couldn&#8217;t be more noticeable. High profile bank failures, lots of talk about other banks in trouble, and a serious debate about the financial system (AGAIN!) [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":14836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[10,35,8,46,37],"tags":[728,727,729,160,567,726,163],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2023\/03\/Move-Your-Money-bank-local-invest-local.png","_links":{"self":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/14832"}],"collection":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/comments?post=14832"}],"version-history":[{"count":7,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/14832\/revisions"}],"predecessor-version":[{"id":14844,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/14832\/revisions\/14844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/media\/14836"}],"wp:attachment":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/media?parent=14832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/categories?post=14832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/tags?post=14832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}