Is it possible to use a private bank?"Private banks" and "private banking" can also refer to non-government owned banks in general, in contrast to government-owned (or nationalized) banks, which were prevalent in communist and socialist states in the 20th century. I know they are rare to find and they are mostly for people with... | |
Wells Fargo, Citi and JP Morgan all have private banking services. Most have a $1 million minimum deposit, so I suspect you won't qualify.
U.S. Banks are not government-owned, they are owned by shareholders. (TARP money excepted.) Not exactly socialism, but classic capitalism. Here in GA, a govt official raiser $20 million in 45 days from other govt officials, real estate developers and other hotshots, to start a bank which 2 years later is going into bankruptcy. Classic capitalist greed, not socialism.
If you object to govt control, I suggest you find a state-chartered bank that is NOT guaranteed by FDIC. That way, if you lose money, you won't have any recourse to the much-hated government.
