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.

  • Lobster Bisque@lemmy.world
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    1 day ago

    I’m with you, this is bad. I’m not LGBTQ+, but the fact that I have autism combined with ovaries has been terrifying lately. It feels like no one else sees what’s happening and they definitely don’t want to hear about it…

    I remember in highschool getting to take an elective history class focused on the details (like how it happened) of the Holocaust, Armenian Genocide, and the importance of learning from history and our past. It was a great opportunity and sparked an “interest” in genocides and I guess social justice for me. I wish more people had this opportunity and interest. It’s really difficult to see what’s happening around the US and honestly many other places I’m around the world so plainly, but having no significance or capability to do anything about it. It feels like no one cares and it feels like the bad guys won and all in slow motion