Tip of the Day - Going green at the bank

2009-03-30 20:48:02 (GMT) (Caymanmama.com - Banks & Banking green News)

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ShoreBank branch in Chicago

For some financial institutions, going green and investing in the planet is enough to entice prospective customers and invest in their future

Dallas, Texas (CaymanMama.com) –Think you need to have billions in cold, hard cash to help the planet? Think again. With more ways to go green developing every day, even banking is seeing more green than ever before.

For some financial institutions, going green and investing in the planet is enough to entice prospective customers and invest in their future.

Make a choice of a bank that invests in sustainability. There are a few institutions which have implemented waste and pollution reduction initiatives, and help green companies get good terms on loans.

Look for a bank that cuts down on waste and goes big on services. Most green banks are smaller than the average Bank of America, but they offer services to make up for their small size such as online banking.

Try these green banks for a more environmentally friendly bank account:

  • New Resource Bank - An eco-friendly bank that gives preferred loans to green companies and non-profit organizations. This bank is also a LEED-certified HQ and refunds up to 10 ATM fees (for outside banks’ machines) per month.
  • Permaculture Credit Union - cooperative bank owned by its members
  • ShoreBank Pacific - the first American bank with a green mission. Aims to offset its carbon footprint and even offers accounts geared toward children; co-founded by Ecotrust.


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