What if you found out the money in your bank account was being used to fuel fires and floods, leading to contaminated water from fracking or coal mining, or air pollution where you live? If you bank with one of the Wall Street megabanks, that’s likely the case. 

• Since the Paris Agreement, the nine largest US megabanks have provided over $2 trillion in financing to the fossil fuel industry. Almost half of fossil fuel financing worldwide has gone to new oil, gas, and coal projects.  

• Megabanks have provided over half a trillion dollars in financing to the world’s largest 55 industrial livestock companies since the Paris Agreement. Just the top five are responsible for 595 million tons of carbon pollution each year.   

• The global financial sector invested at least $1 trillion in the arms industry between 2020 and 2022. Half that amount was from US institutions.

You can use your money for good simply by banking with a community development bank or credit union that supports affordable housing, small business, and economic opportunity. Lots of Green Americans have made the switch – you can too! 

1. Choose your new bank or credit union. 
2. Open your new account. 
3. Make a list of your automatic deposits and withdrawals. 
4. Move your automatic deposits to your new account.  
5. Move your automatic withdrawals to your new account. 
6. Get print or electronic copies of statements and canceled checks from your old account.
7. Transfer the remaining funds from your old account to your new account. 
8. Close your megabank account! 
9. Inform your megabank why you are breaking up with it.
10. Encourage others to make the switch!