this post was submitted on 25 Jul 2025
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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.

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[–] locuester@lemmy.zip 41 points 1 day ago* (last edited 1 day ago) (4 children)

Do you have a source for ANY of this drivel?

I was homeless for years, and have worked with homeless addicts for the last 10 years. Never in my life have I heard of these things happening for the reasons you give. Hell even to this day I don’t update a bank with my new address.

Could you provide a reliable source for more information about this actually happening to real people en masse? I have no doubt it’s happened to someone somewhere, but would be surprised if this was a real problem and I wasn’t aware.

[–] RedC@sh.itjust.works 10 points 1 day ago* (last edited 1 day ago) (2 children)

I have to say I agree here, hell I've never updated one of my open bank accounts. It still has me under my mother's old house from when I turned 18, and I've moved at least 10 times since then. I've also helped/worked with/am friends with plenty of unhoused or at risk folks and never heard of being 'debanked. Now if OP wants to talk about getting accounts or your ID in the first place while being unhoused then that's a different story. Plenty of times I've seen it be next to impossible to get these things w/o an address. Not so much maintaining it w/o an address.

Although im sure anything is possible, so I wont discount it completely.

The term has gained traction after being discussed on a November 2024 The Joe Rogan Experience podcast with investor Marc Andreessen, in particular with respect to cryptocurrency assets.

Yeah im not buying it, but the next line says instances of Muslim people having accounts closed have been covered by media. Although that's shaky at best. What media? Who specifically? Im not convinced that this even happens often enough for people to clutch their pearls

Edits: that claim to "Muslim money" is cited and links to an ebook about Canadian Islamophobia, but its using this book as a source to say Muslim accounts get closed in the USA and its covered by "media"

[–] elevenbones@sh.itjust.works 0 points 1 day ago* (last edited 1 day ago) (2 children)

Duh your moms not returning your mail to sender is she? Derp a derp

[–] RedC@sh.itjust.works 3 points 16 hours ago (1 children)

I mean she might have if she still lived there smartypants. She lives in a trailer now. Bold of you to assume any of my family still lives there lmao

[–] elevenbones@sh.itjust.works 1 points 14 hours ago

BOLDNESS IS ALL!

[–] aow@sh.itjust.works 1 points 13 hours ago
  1. use an address you can access for at least a week
  2. get your initial documents
  3. go paperless and have the mail all RTS

Job done, nobody will bother you and you can use electronic statements as proof for accounts. Just don't commit fraud with them and nobody cares.

[–] locuester@lemmy.zip -3 points 1 day ago (1 children)

This is just disguised anti-Trump nonsense under a veil of bits of facts tossed around. This is the equivelant of the right claiming that Joe Biden is wearing a mask. Ppl on the fringe are crazy.

[–] ordinarylove@lemmy.blahaj.zone 1 points 1 day ago (1 children)

Sorry where did I disguise my anti-regime feelings, here? This is an anti-regime post. I am not crazy. I am your enemy.

[–] locuester@lemmy.zip 2 points 1 day ago

You’re not my enemy. You’re batshit crazy, but definitely not my enemy.

[–] meliaesc@lemmy.world 4 points 1 day ago (1 children)

The Wikipedia is linked with its references...

[–] locuester@lemmy.zip 0 points 1 day ago (1 children)

The Wikipedia in on the term debanking and what it means. Not some wild anti-Trump conspiracy to come after you.

[–] forrgott@lemmy.sdf.org 0 points 1 day ago (2 children)

would be surprised if this was a real problem and I wasn’t aware.

Umm.... that's a terrible argument. Like, really, really terrible.

That said this does feel a bit like a red herring. I don't think having an open bank account is gonna do shit to help anyone kidnapped by the Y'allqueda Gestapo.

But, seriously, "this can't be true, cause if it was I'd already know about" comes across as really arrogant.

¯\_(ツ)_/¯

[–] locuester@lemmy.zip 3 points 22 hours ago (1 children)

Sorry you feel that way. While I am very experienced in the field, and as such would be surprised that this snuck by me, I miss things from time to time. That’s why I asked for references.

If experience in a field isn’t an argument for being knowledgeable in the field, you’re likely hard to please.

[–] forrgott@lemmy.sdf.org -1 points 22 hours ago (1 children)

Wow.

I'm so sorry for doubting your infallible knowledge and wisdom!!

Well...no I'm not.

And don't even play that "I'm sorry you didn't react the way you were supposed to" crap.

And, no, your grandiose posturing means nothing at all to me. No one cares. You say you're an expert? Then you already know what evidence to cite to support your argument.

Your claims of experience are not evidence of anything but your over inflated ego.

[–] locuester@lemmy.zip 2 points 22 hours ago (1 children)

I’m genuinely sorry that my words upset you.

Good day sir.

[–] forrgott@lemmy.sdf.org -3 points 22 hours ago

🤣

Yeah, whatever

[–] testfactor@lemmy.world 0 points 22 hours ago

Yeah, that's what I told my doctor when he said I didn't have unicorn pox. He was like, "that's not a real thing, and if it was I'd have heard of it," and I told him he was just an arrogant jerk. He doesn't know all the diseases, just cause he's a doctor.