Where to bank?

[Dusty Wanderer]

...

A cashless economy is coming. It might not even be in my lifetime, but I want to be prepared for the day it arrives. So the question I often ask myself is, “if cash disappeared tomorrow, what would people find valuable?”. And then I invest in that.

I'm curious as I'm in process of reappropriating funds right now. Could you give some examples of things that you invest in?

Anything and everything that makes me as self sufficient as possible. And/or is something I believe people will want/need when it all falls apart.

Okay, I suppose that's an answer, though not as detailed as I hoped.

I've been thinking the same way, however. I'm also considering things that add value when coupled with skills/abilities, such as tools and supplies related to certain trades and crafts. For example, I was thinking of a plow attachment for my truck and even one for my four-wheeler (maybe silly, but seemed like more options for income the better). Nail gun, compressor, a tiller, etc.

[endlessQuestions]

...

A cashless economy is coming. It might not even be in my lifetime, but I want to be prepared for the day it arrives. So the question I often ask myself is, “if cash disappeared tomorrow, what would people find valuable?”. And then I invest in that.

I'm curious as I'm in process of reappropriating funds right now. Could you give some examples of things that you invest in?

Anything and everything that makes me as self sufficient as possible. And/or is something I believe people will want/need when it all falls apart.

Okay, I suppose that's an answer, though not as detailed as I hoped.

I've been thinking the same way, however. I'm also considering things that add value when coupled with skills/abilities, such as tools and supplies related to certain trades and crafts. For example, I was thinking of a plow attachment for my truck and even one for my four-wheeler (maybe silly, but seemed like more options for income the better). Nail gun, compressor, a tiller, etc.

Those are great examples of the types of things I’m talking about.

I apologize for not being too specific. Wouldn’t be terribly prudent.

[Dusty Wanderer]

I'm curious as I'm in process of reappropriating funds right now. Could you give some examples of things that you invest in?

Anything and everything that makes me as self sufficient as possible. And/or is something I believe people will want/need when it all falls apart.

Okay, I suppose that's an answer, though not as detailed as I hoped.

I've been thinking the same way, however. I'm also considering things that add value when coupled with skills/abilities, such as tools and supplies related to certain trades and crafts. For example, I was thinking of a plow attachment for my truck and even one for my four-wheeler (maybe silly, but seemed like more options for income the better). Nail gun, compressor, a tiller, etc.

Those are great examples of the types of things I’m talking about.

I apologize for not being too specific. Wouldn’t be terribly prudent.

I understand. No worries.

[mes5464]

I have been researching this topic and there is a lot on it. The term, apparently, is unbanking. Here is one article on the subject.

3 Simple Steps To Surviving Without A Bank Account - Off The Grid News

Three excellent cards you can get without a good credit score include:

AccountNow is a Visa debit card. It has an $8 a month fee, which is cheaper than most bank accounts. You can direct deposit your salary with it and even pay bills. It will actually send out checks to credit card companies, utilities, etc., and make some electronic payments. You can deposit cash in it electronically from any bank account. A big advantage to this card is that you can use it at almost any retail store. Money can also be wired to it.

Bluebird is a similar product to AccountNow that is offered by American Express and Walmart. Money can be loaded to it at any Walmart store, and electronic bill payment is available. Funds can also be deposited from any bank account. It offers many features similar to bank accounts, including online account management and bill payment. A disadvantage is that it is an American Express card, so many merchants don’t take it. Another drawback for rural residents is that American Express will not ship it to P.O. boxes. You will need to have a street address as your mailing address. The fact that Walmart is offering this product is pretty frightening. The retail giant has obviously concluded that large numbers of Americans are going to be without bank accounts in the near future and is moving to take advantage.

PayPal Debit cards. If you have a PayPal account, there is a debit card available. No credit check is needed. You will only be able to spend the funds in your PayPal account with it. One advantage to this is that you can use funds generated by your online business at stores and get cash. PayPal and Discover are also developing a more sophisticated variety.

Let's say I'm a trucker in Canada - my bank accounts frozen by Trudeau.
Can I still use my PayPal Debit card, or a Bluebird card?

That is the million dollar question. My gut says no. You will need to draw out most of your cash and store it in your safe or something. When they want banks to seize your funds, you can bet PayPal and Bluebird will submit.

[Fred]

The Fed Has a Plan to Crash Everything - Banks Closed

[mes5464]

Some investment ideas I have had are:

coffee
bullets
medical supplies
candy bars

[mes5464]

None of the suggestions in this thread will be able to mitigate this:

[Fred]

As long as you have enough "stash" of food, coffee, bullets, etc. to trade for everything you need, you won't really need any money except for property tax, if your home is paid for. Nobody is going to make it on their own. People working together means that there will be people that you feed that do have a good credit score or did get the jab or whatever. They can pay for the things that require money. In return, you allow them to live. Though everyone will contribute their share willingly.

[Fred]

This guy's first language is not English, but he has discovered that the bank considers HIS money to be THEIRS.

[Fred]

AMEX vs VISA, MasterCard

AMEX offers a FREE debit card with no fees that includes almost every feature of a bank, but without a bank account

[Hogmeister]

I woke up for real in 2013 moved most of savings into physical gold and silver over 3 years. Up about 100% on my shtf savings. But in my view we haven’t seen nothing yet. When Babylon is shaken we have historys most slippery system for storing wealth. The Book of Mormon warns us of slippery riches. Get out of her.