Welcome to Bankfree.co

Share Free banking means two things. First, it means free checking or savings accounts. Second it means banking without the hindrance of a central bank.

I will deal with the first issue first:

 This free checking luxury is nearly a thing of the past. In fact, free banking only existed within the walls of the biggest banks as long as they were able to gouge fees in other ways, like with late fees. Congress put an end to that, so that banks have had to be creative in offsetting this lost revenue stream. As you make your free bank account search, be sure to explore the online banking option.

This website is dedicated to observing bank behavior, trying to gain for you the least expensive banking costs. After all, when you deposit your money into a bank, you are lending to that bank. You aren't treated as the lenders, and banks act as if they are doing you a favor. Banks act as if they have a right to dictate the terms of their borrowing from you!

Certainly with changes banks have made, you can just set up your accounts to make a transfer from savings to checking. Banks can count this transfer as a profit. I would not be so happy to hear this as a shareholder, but as a bank customer this works fine.

For those of you who want to move your money so that you don't have to worry about auto transfers, or if you want to boycott the biggest banks because of their bad behavior towards the rest of us, I have solutions. Credit unions often have free banking.

And you can move your money to this online bank, PerkStreet FinancialSM, with a no cost debit card and a cash back system.

PerkStreet FinancialSM also has a huge nationwide ATM system for your convenience!

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Second, free banking means banking that is free from a central banking scheme.

Free banking has been promoted by Ron Paul and others as a means of curbing the excesses of central banking. Now some have said that central banking is socialism. But that is a misnomer. Central banking is a corporatism, which exerts control over the most powerful governments in the world. It is a predatory system, which has hurt mainstreet with all manner of unsound loans, and ponzi schemes. For a complete analysis of this predatory system please get a discounted copy of my Ebook: Ponzi Housing for Dummies: How the Ponzi Housing Crisis Was Contrived. Use code EL88Y for a 60% discount.

Free banking seeks to establish currency issued by the independent and free private bank. And certainly, in theory, this would be a great system. However, the Constitution has given congress the power to issue currency. But of course we know that congress has delegated the process to the private, all powerful central bank in the US, which is the Federal Reserve Bank. If congress would take back that power, the Constitution would be followed as envisioned by our founding fathers. They were not Free Bank promoters, but they were not central bank enthusiasts either.

I have advocated bypassing the central bank through the establishment of state banks. These state banks, operating on a model like that of North Dakota, would get capital to smaller businesses in that state. North Dakota is not exactly a flaming liberal state, so state banking has a place as a states rights issue, limiting the power of the Federal Government. 

I also advocate the nationalization of the central bank, the Fed, with strict penalties for allowing easy money loans for people who are not qualified for them. We could erase the 1.6 trillion dollar debt owed to the central bank if it were nationalized. Will Rogers did not like the Fed. Ron Paul agrees with the striking of the 1.6 trillion. I want a solid, good down payment with a 30 year mortgage. Ron Paul's view of getting rid of the Fed would likely end that mortgage, but also, what we have now allows for easy money loans in large quantities, which destabilizes the 30 year fixed. The 30 year fixed never caused a housing bubble.