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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[–] yermaw@sh.itjust.works 208 points 1 day ago (3 children)

Holy shit.

To think I was envious of America when I was young.

[–] cyborganism@piefed.ca 86 points 1 day ago (1 children)

Hahaha right? They sold the lie so well. But it's so easy to do when you control the majority of the world's media, whether it's news, radio, television, cinema, or online streaming.

[–] otter@lemmy.dbzer0.com 9 points 1 day ago (1 children)

Sorry, you think it's any one nation that's controlling all that? Oh, my sweet summer child...

[–] virku@lemmy.world 17 points 1 day ago (1 children)

So uh. Are you trying to infer that it is a tiny set of people/corporations, or that there are other Nations in on it?

[–] roguetrick@lemmy.world 26 points 1 day ago (1 children)

They italicized nation and not one so I believe they're pointing to folks like murdoch

[–] otter@lemmy.dbzer0.com 8 points 1 day ago* (last edited 1 day ago) (2 children)

This.

Corporations run shit. "Nations" generally tell you/us to do what they've been told to tell you/us to do by those that pay them. FWIW, flag's are team spirit swag; hollow brand loyalty to a non-entity that DGAF about you and never will.

We're so fucked if this still needs saying, in this day & age. Fuuuck.

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[–] Ptsf@lemmy.world 69 points 1 day ago (4 children)

To be honest, this shift in our politics has been brutally quick and more federally far reaching than anything that happened while I was growing up. People used to be able to just exist. Camp in parks, sleep on benches, etc. This authoritarianism is... Somewhat new.

[–] 418_im_a_teapot@sh.itjust.works 57 points 1 day ago (1 children)

It started in earnest under Regan. It’s just been difficult to see where all those changes would lead until all at once it smacked us in the face.

[–] stringere@sh.itjust.works 10 points 1 day ago (1 children)

It was slow and incremental. You can't boil a frog by tossing it in a fryer.

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[–] prole@lemmy.blahaj.zone 29 points 1 day ago (1 children)

It's only been quick if you just started paying attention. This is the end result of decades of work by the GOP.

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[–] Alcoholicorn@mander.xyz 25 points 1 day ago (2 children)

I mean tresspass laws designed to prevent newly freed black people from "just existing" go back to 1865.

[–] mic_check_one_two@lemmy.dbzer0.com 21 points 1 day ago (2 children)

Yeah, I was going to say something similar. The “it’s now illegal to [x] while black” memes are because the BIPOC community has known this for a long time now. Standing while black, walking while black, jogging while black, eating while black, listening to music while black, sleeping while black, etc… All of these are things that people have been attacked by cops for doing, for literal generations.

It’s not new; it’s just more visible. And it has finally become so overt that non-BIPOC people have started to feel the same pressure that BIPOC people have dealt with since the country was founded.

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[–] stoly@lemmy.world 7 points 1 day ago

Not really. People are just less ashamed than they used to be.

[–] Diplomjodler3@lemmy.world 19 points 1 day ago

Those were different times. I remember how people who travelled there talked about how friendly everybody was. And everything was cheap, service was great and life was easy. Obviously those were skewed perceptions by tourists, but still. Nobody says things like that any more.

[–] ViatorOmnium@piefed.social 89 points 1 day ago* (last edited 1 day ago) (2 children)

For all other Europeans out there, avoiding this situation is another thing the EU did for us.

For the Americans, write to your representatives demanding the same rights.

Excluding people from having a bank account in 2025 is basically condemning them to ostracism even without sending them to concentration camps.

[–] jacksilver@lemmy.world 50 points 1 day ago (2 children)

I've long held the belief that the US postal service should also provide basic banking services too in the US, that way no one can be denied a bank account.

[–] Fredselfish@lemmy.world 42 points 1 day ago

One of the things Bernie Sanders ran on. He wanted to do that and ton more good things for us little people. But the Democrats rather have fascism under Trump then progressive policies.

[–] jjjalljs@ttrpg.network 24 points 1 day ago (1 children)
[–] jacksilver@lemmy.world 15 points 1 day ago (2 children)

I didn't know that existed!

Its decline reads like everything else going on in the US. Government provided a service a lot of people liked, private enterprise lobbies to have it shut down and lock people into nickel and diming them.

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Goddammit you are an hour quicker and have found a more readable source for the same comment I wanted to write.

Anyway, this right is granted in paragraph 36 of Directive 2014/92/EU of the European Parliament and of the Council of 23 July 2014 on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features Text with EEA relevance:

Consumers who are legally resident in the Union and who do not hold a payment account in a certain Member State should be in a position to open and use a payment account with basic features in that Member State. The concept of ‘legally resident in the Union’ should cover both Union citizens and third country nationals who already benefit from rights conferred upon them by Union acts such as Council Regulation (EEC) No 1408/71 ( 1), Council Directive 2003/109/EC ( 2 ), Council Regulation (EC) No 859/2003 ( 3) and Directive 2004/38/EC of the European Parliament and of the Council ( 4 ). It should also include people seeking asylum under the Geneva Convention of 28 July 1951 Relating to the Status of Refugees, the Protocol thereto of 31 January 1967 and other relevant international treaties. Furthermore, Member States should be able to extend the concept of ‘legally resident in the Union’ to other third country nationals that are present on their territory.

[–] zingo@sh.itjust.works 86 points 1 day ago* (last edited 1 day ago) (1 children)

I came into this thread thinking that the term de-banking was something like de-google and I was eager to find some opensource service tô get rid of the dependency of banks all together.

Boy was I wrong. /s

Good advice though!

[–] omgboom@lemmy.dbzer0.com 42 points 1 day ago* (last edited 1 day ago) (1 children)

I was eager to find some opensource service tô get rid of the dependency of banks all together.

Credit unions

Indeed, part of protecting yourself is diversifying where you keep your money (even if you don't have a lot), and part of that answer is credit unions. Don't just assume in institution is okay just because they are a CU though, plenty of scum CUs.

[–] Whats_your_reasoning@lemmy.world 43 points 1 day ago* (last edited 1 day ago) (4 children)

Back when I vandwelled, I was able to set up a "declaration of domicile" so my legal address was at a mail forwarding center. You can have mail forwarded to a local post office box, or to a different address (if you're crashing at a friend's house or something.)

It's a useful option when you have to move around a lot, since if you move you don't have to change your address - just change where your mail gets forwarded to.

It does require paying for a PO Box, but IMO it's worth it.

Though I recommend actually knowing something about the town or city of the forwarding center you use. I once had a job interviewer be from the same town as the one on my license, and had to bullshit as if I actually knew the place (and didn't merely drive through it on a freeway a couple times.)

[–] turtlesareneat@discuss.online 24 points 1 day ago (2 children)

Unfortunately there are systems that will reject PO boxes - credit applications, mortgage and loan applications. It's increasing and I think they're catching wind that nomads do it, so they challenge for a "physical address" which of course must match your credit file. This is a nice way to shit on people who are trying to get out of transitional housing too, since they can easily spot group homes and halfway houses.

Sigh, I was worried they’d be getting targeted.

I wish I had more to add. But I’m just tired.

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[–] locuester@lemmy.zip 41 points 1 day ago* (last edited 1 day ago) (13 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) (7 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"

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[–] panda_abyss@lemmy.ca 36 points 1 day ago (2 children)

This is 100% going to be used against trans people, especially the mental illness and danger parts (remember all the cross dressing is pedophilia stuff that republicans were pushing)

I hope for the safety of all LGBTQ people in the US right now, especially the trans people. You all deserve to live unbothered, I wish it were that easy.

[–] archonet@lemy.lol 16 points 1 day ago* (last edited 1 day ago) (3 children)

Currently shit scared as a gay guy with autism. I studied this, on my own, out of curiosity -- how a relatively modern society can commit atrocities upon its own citizens that it deems "lesser".

In high school, where we had entire chapters of our history books that we focused on for weeks dedicated to things like the civil war and the war of 1812, WWI and WWII were (in my recollection) split between a single chapter titled "The World Wars" or something like that, and anything later was usually glossed over in even briefer fashion (Korea, Vietnam, and the Cold War all shared a single chapter. I'm not even sure the Cuban Missile Crisis was given a sentence. But holy fuck did they want you to recount in great detail all the facts and figures of the revolutionary war and civil war, down to excruciatingly painful detail. -- I digress, it just irked me then and it still does now).

My point is, nobody chased me down and beat me over the head with a textbook to research the Holocaust and how it happened, nobody made me learn the finer points of going from an economic crisis to an angry little egomaniac getting elected to gas chambers and piles of bodies. We were taught what happened, in the driest fashion, but they never taught us how it happened. For me, nobody had to. I wanted to learn, so that I'd hopefully recognize the signs if they ever happened again. And now I can't afford to leave on my own, while watching them slowly follow the exact same playbook in almost the exact same way. You start with the most vulnerable people and expand that over time to "everyone you don't like", and I have no illusions about being a friend to republicans.

Also, hey, sidebar: anyone else finding the combination of "gutting NOAA funding", "open air cages", and "located in Florida, where devastating hurricanes regularly sweep through", to be something Eichmann would've called genius? "Oops, we didn't have any warning! Awww, shucks, shame about all those un-people we wanted to be rid of!" And the gators take care of the bodies. It's brilliant, in a way.

my last hope is Canada opens their borders to unskilled/disabled refugees, but I don't hold out a lot of hope.

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This is absolutely a current weapon against trans people. If you know trans people who need an address, get them an address ASAP.

[–] lmdnw@lemmy.world 22 points 1 day ago (1 children)

And now I actually want and am rooting for armed homeless to commit acts on violence on government stooges who attempt to carry out this order. Time to start building guns for the homeless.

[–] prole@lemmy.blahaj.zone 19 points 1 day ago

Now the message on Tom Morello's guitar makes sense ("Arm the homeless").

[–] sunzu2@thebrainbin.org 20 points 1 day ago (1 children)

They want you using banks BC they can control your money flows

Cash was always king for a reason and plebs were too eager to give it up.

God forbid peasants do a thing that hurts daddy

[–] 418_im_a_teapot@sh.itjust.works 16 points 1 day ago (1 children)

That’s what scares me about the government trying to switch to crypto. It’s a whole new way to track and trap people financially.

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[–] chicken@lemmy.dbzer0.com 20 points 1 day ago

Disappointing but not surprising that the chosen solution to increasing swaths of the population no longer being supported by our economy is concentration camps. I honestly don't think it's that far fetched that the endgame here is they literally kill us all while acting like it's our own fault, and the America of the future is just robots and genetic clones of billionaires.

[–] peoplebeproblems@midwest.social 14 points 1 day ago (1 children)

Why of course.

If you no longer have property, what use are you (/s)?

This country was based on property rights.

I'm sure most have noticed that a lot of law revolves around harming people OR property. If people aren't property, why would damaging property be so severe?

And the next part is the one that blows my mind more than anything - car insurance. I don't know about all US states, but at least mine, you are legally required to have it to cover damages to other property. Most people keep full coverage because of the expense of a new car - like a home, or a boat, etc.

This is all about the true goal of the Heritage Foundation's plan - People to become property.

I'm not talking Black slaves, or enslaved Latinos, I'm talking everyone. Sex slaves? A thing of the past. You make a transaction for a wife. (Remember no LGBTQ+ in this world of theirs). Employees? A thing of the past. You give workers shelter, food and enough healthcare to remain profitable.

A lot of people can argue that is the current system. But a lot of people can still take time off. FMLA still protects people. People have retirement accounts. "You will own nothing and like it."

[–] moody@lemmings.world 7 points 1 day ago (1 children)

If people aren’t property, why would damaging property be so severe?

Sorry in advance for defending the concept of defence of property. It's not that I think it should be that way, but currently it is.

Property can easily be equated to either work or status. In today's society, we work to earn our property. Damaging property is then damaging work, or at least the value of the work already done.

On the other end, status is something we already know that the elite value above all else, so it makes sense that attacking someone's status is going to get punished.

So it's not so much that people are property, but that harm to property is harm to its owners.

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[–] acockworkorange@mander.xyz 13 points 1 day ago (1 children)

If you have an MH diagnosis and you don't have two back-up legal addresses, you are on this Ex O.

Could you translate this to simple English? MH? Ex O?

[–] Megamanexent@lemmy.zip 12 points 1 day ago (1 children)

Im assuming:

Mental health

Executive order

[–] ordinarylove@lemmy.blahaj.zone 13 points 1 day ago* (last edited 1 day ago)

If you have a mental health diagnosis, you need to have two back-up addresses because you are being targeted by this executive order.

[–] Whats_your_reasoning@lemmy.world 10 points 1 day ago (1 children)

I'm curious if credit unions participate in this. I can't find any information about it.

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[–] kieron115@startrek.website 9 points 23 hours ago (10 children)

Sharing info about de-banking is cool but lets try to keep the FUD out of it. What the so-called "ENDING CRIME AND DISORDER ON AMERICA’S STREETS" order says regarding this seems mostly contained in Sec. 3, which basically threatens to pull housing and urban development funds from states that don't meet the administrations crazy rules.

collapsed inline media
. I also see nothing to validate your claim that folks with a mental health diagnosis need three addresses (two back-up addresses implies the existence of a third main address).

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[–] markovs_gun@lemmy.world 8 points 1 day ago (1 children)

I feel like I'm becoming jaded because any time I hear about some new shit that hurts poor people in this country I find myself wondering how many of these people voted for Trump in the first place. I get being desperate and feeling like some kind of change is needed... The first time. But we had a chance to see it was all bluster and bullshit already and still voted for this government. I know it's a bad mindset but a lot of this stuff is hurting groups of people where the majority voted for Trump and I'm having trouble feeling sorry for them.

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[–] L0rdMathias@sh.itjust.works 8 points 1 day ago

BuT tHeY'rE pRiVaTe EnTeRpRiSe! ThEy ShOuLd'Nt Be ReGuLaTeD. tHeY nEeD tO Be AlLoWeD tO sUpErCeDe Da LaW!1!

[–] RabbitBBQ@lemmy.world 7 points 23 hours ago

Certain addresses get flagged in bank and verification systems over time that are shared addresses among many people. Places where someone can get mail without a permanent legal address is one example. Shelters, general delivery at the post office, etc. So much of the concept of your identity is tied to your legal address. Courts can use this too and claim they can't find someone then issue default judgements against them. Meanwhile, so many places are heavily monitored because they have turned into police states, it is not usually in question for the goverment who someone is and where they are located. The post office should provide long term PO boxes for unhoused people for free and these should be accepted as legal addresses. But often, you'll find a PO Box isnt accepted.

[–] kieron115@startrek.website 6 points 14 hours ago (2 children)

According to the sources in the Wikipedia article, in the US at least, the term de-banking wasn't even in popular use until some right-wing nutjobs started claiming that the government was using it to shut down conservative "tech" companies, and then latched onto by people like Joe Rogan and Elon Musk to scam people into replacing their bank accounts with crypto currency.

https://www.nbcnews.com/tech/internet/debanking-what-is-meaning-crypto-musk-rogan-andreessen-rcna182597

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