Friday, May 13, 2016

A bank that shares your progressive values

Drop too-big-to-fail banks. An alternative: This bank which supports economic and social justice.

Dear MoveOn member,

Why leave your money in America's most reckless and irresponsible banks? The harmful practices of these Wall Street banks helped cause the financial crisis and they continue to fight and lobby against consumer protections even now.1

How about banking with a financial institution that has progressive values and supports issues that we all care about, like a $15 an hour minimum wage, worker protections, affordable housing, and more.2

Meet Amalgamated Bank, founded in 1923 and union owned.

It’s a bank that is aligned with many MoveOn goals, which is why we’re supporting its “Banking That Gives Back” campaign. The bank will give $150 to each MoveOn member who opens a new checking account. It will also contribute $50 to MoveOn Civic Action, helping fund our work fighting for progressive change.3

Click here to find out more about opening a new account with Amalgamated Bank, a bank that’s aligned with your values.3

Amalgamated Bank offers a simple, convenient online banking experience, as well as branches in New York City and Washington, D.C.

If you think the actions of too-big-to-fail banks that led to the Great Recession are wrong, and if you oppose these banks using their huge financial influence to fight regulations that protect ordinary Americans, you have an alternative place to put your money.

By supporting Amalgamated Bank, you’ll also support MoveOn and the progressive causes you’re passionate about.

Find out more now about opening a checking account at Amalgamated Bank.3

With this one simple action, you’ll support progressive change through Amalgamated Bank and through MoveOn.

Thanks for all you do.

—Tzyh, Bobby, Robert, Adam, and the rest of the team

P.S. This offer with Amalgamated Bank is part of a bigger effort to connect MoveOn members to ways we can make America more progressive—while raising funds to help make MoveOn stronger in the process. We still do not sell our members’ information to any external groups, and we'll always be transparent about how partnerships like this one help our work together. We're keen to know what you think! Please click here to tell us what you think of this email.

P.P.S. If you would like to stop receiving our emails about Amalgamated Bank, you can opt out here.


1. “As Dodd-Frank Fight Continues, the Resistance Scores Some Victories,” Bloomberg Businessweek, April 21, 2016

2. “Mission and Values,” Amalgamated Bank, accessed April 19, 2016

3. Rules of Amalgamated Bank's "Banking That Gives Back" Promotion

To qualify for this bonus of $150, you must open a Convenience+ Checking Account between April 15 and June 30, 2016, using the URL provided or by mentioning this special offer when you apply by visiting a branch, and you must set up a qualifying recurring direct deposit (including ACH credits of payroll, pension or government payments payable to you) (hereinafter “qualifying direct deposit”) of $500 or more. At least one qualifying direct deposit of $500 or more must post to your account within 60 days of account opening. Once you have met these requirements, the bonus will be directly deposited into your Convenience+ Checking Account within 30 days. The value of the bonus may have to be reported to the IRS; consult your tax advisor. Offer is limited to one per customer, is subject to withdrawal at any time, and is valid only for accounts in good standing. All accounts subject to the bank’s Terms and Conditions.

If you qualify for the $150 bonus, we will also donate $50 to the non-profit organization above. There is no cost to you and this donation is paid fully by Amalgamated Bank. There is no substitute for this $50 donation and you cannot opt to receive it directly.

For Convenience+ Checking Accounts there is a $10 monthly maintenance fee that can be waived with a qualifying recurring direct deposit of any amount. Note that a direct deposit of less than $500 will not qualify you for the $150 bonus; please see the footnote above for terms and conditions related to the bonus offer. There is no minimum opening deposit or minimum balance requirement to maintain in the account in order to obtain the bonus stated above. The Convenience+ Checking Account is a variable tiered interest rate account. The Annual Percentage Yield (APY) on this account works as follows: if the daily balance is $0-$499.99, the APY paid on the entire balance is 0.01%; for balances $500-$999.99, the APY paid on the entire balance is 0.05%; and for balances $1,000+, the APY paid on the entire balance is 0.10%. The APY stated is accurate as of April 15, 2016 and is subject to change at any time without notice. Fees may reduce earnings.

Want to support our work? MoveOn member contributions have powered our work together for more than 17 years. Hundreds of thousands of people chip in each year—which is why we're able to be fiercely independent, answering to no individual, corporation, politician, or political party. You can become a monthly donor by clicking here, or chip in a one-time gift here.

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