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.

  • Angry_Autist (he/him)@lemmy.world
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    11 hours ago

    Fascists have only stepped down from power twice in all of human history without bloodshed

    Where exactly do you think this entire thing is going? They are disappearing citizens with no due process. They have already built the concentration camps and have bragged about the inhumane treatment they will dish out there

    Do you really think this is just another ‘rough repugnican cycle that we’ll get back in office and start to clean up’ like the last 4 times because that’s NOT the FUCK what’s happening here and anyone who had family escape from the old USSR knows EXACTLY what is going on right now

    We are gearing up for civil war and a ton of innocent people are going to die and here you are spending all of your energy cherry picking arguments for the fascists.

    And now that I’ve laid it all out clear as day to you, if you persist in your dangerous ignorance I will have no other option but to consider you an intellectually dishonest forum slider at best, and a legitimate traitor at worst.