Had to choose between a big bank and a local credit union for my business account

I mean, the bank offered a slick app and a $500 sign-up bonus, but the credit union guy in town said they wouldn't ever freeze an account over a political tweet. I picked the credit union about 6 months ago. It's been solid, no weird holds on my deposits. Has anyone else gone with a smaller place because of their speech policies?

5 comments

5 Comments

dixon.james2mo ago

My buddy's bank froze his account after he bought some hunting gear online...

the_sam2mo ago

Good call, that's exactly why I went with a local place too.

nguyen.morgan8h ago

Wait, is this really that common? I've bought all kinds of stuff online for years, from random hobby gear to electronics, and never had a bank freeze anything. Feels like maybe people are just paranoid or had other issues going on, you know? Like, unless you're buying a literal arsenal or something obviously shady, I doubt most banks care that much. Not saying it never happens, but it seems like a pretty rare edge case that gets blown out of proportion online. Plus, there's usually a lot more to the story than just "I bought a gun and my account got locked.

dylan_brown308h ago

Feels like people are paranoid" - nah, @dixon.james literally saw it happen to his buddy, it's not that rare.

gray_morgan2mo ago

It's not just speech, they're less likely to flag your account for buying legal stuff banks find "suspicious" too.