Why Break Up with your Bank?
95% of US banks are either neutral or actively harmful to our climate through their investments of your money. Some toxic banks are funding private prisons and detention centers for use by ICE. Some toxic banks are using your money for war bonds to fund genocide. Many major banks have rolled back their climate commitments since the 2nd Trump administration.
You can quickly find out if your bank funds climate chaos here: bank.green.
Some of the worst offenders to avoid are:
- JPMorgan Chase (#1 in the world for fossil fuel financing, funds Israeli war bonds)
- Citizens Bank (Major funder of CoreCivic and GEO, companies building private prisons and detention centers for ICE)
- Bank of America (#3 in the world for fossil fuel financing, rolled back climate commitments, #2 for funding Israeli war bonds)
- Citi Group (#6 in the world for fossil fuel financing, rolled back climate commitments, #3 in financing Israeli war bonds)
- Wells Fargo (#5 in the world for fossil fuel financing)
- Goldman Sachs (#1 funder of Israeli war bonds)
- Morgan Stanley (Rolled back climate commitments)
- Capital One / Discover (Lending to Elbit systems, Israel’s largest arms manufacturer)
Sources: bank.green, banktrack.org
How to Break Up with your Toxic Bank
Want to divest from your fossil fuel, ICE, or war-funding bank? There are sustainable, eco-friendly options, both local in Massachusetts and online! Changing where we keep our money is one of the most impactful things an individual can do to fight climate change, ICE, genocide, and war.
You can check if your bank is funding climate chaos at bank.green.
Then use our handy comparison chart of ethical credit cards & savings accounts to pick your new bank! Clicking on the preview images will take you to the google sheets for easy comparison.
Or, if you’d rather do the research yourself, below are banking options that experts have cited as good alternatives to dirty banks:
- Climate First Bank
- Forbright Bank
- Clean Energy Credit Union
- Spring Bank
- Amalgamated Bank
- More options HERE and this advanced search tool with Bank for Good
References:
- Bank for Good
- Banking on Climate Chaos
- The 7 Best B Corp Certified Green Banks - The Good Trade
- Sustainable Banking and Investing – Marilyn Waite
- List of Participating Banks in the Small Business Banking Partnership | Mass.gov (list of greater Boston/eastern Mass local & small banks)
- Best Eco-Friendly Banks: Sustainable Banking Solutions for a Greener Future
- Financecurated.com — Which eco-friendly banks offer the best sustainable banking in 2024
- 7 Environmentally Friendly Banks of 2025: Sustainable Banking Options
- 14 Best Socially Responsible Banks in 2025 | ESG Options | The Impact Investor
How Banks Fund ICE
The following pages contain information about how banks including JPMorgan Chase, Morgan Stanley, and Goldman Sachs are funding ICE. Most ICE funding happens through financing the for-profit private prison companies GEO and CoreCivic. These companies are building prisons and detainment centers for ICE, and in doing so, destroying our families and communities.
Petition to Stop Citizens Bank from Funding ICE
Banks Financing Private Prison Companies
How Banks Fund Climate Change
The following articles contain information about how Morgan Chase, Bank of America, and other major banks fund fossil fuels, refuse to divest from dangerous infrastructure, and are complicit in the climate emergency.
Banks Back Fossil Fuels With $6.9 Trillion
Big Banks Have Funded Climate Crisis With Nearly $7 Trillion Since Paris Agreement | Common Dreams
Banks Pledged $869bn to Fossil Fuel Firms in 2024 | Earth.Org
Bank of America Pledged to Stop Financing Coal. Now It’s Backtracking. - The New York Times
Bank of America: Climate Delayer | GreenPortfolio
Climate Criminals – Brian Moynihan, president of Bank of America
Climate Criminals – Jamie Dimon, CEO of JP Morgan Chase
How Banks Fund Genocide & War
The following articles contain information about major banks and other companies that profit off of the ongoing bombardment of Gaza, Palestine. Multiple war crimes have taken place in the Gaza Strip, including forced starvation and the demolition of hospitals. Israel continues to bombard the 2 million Gazan residents in its genocidal crusade against Palestinians.
At least 20 billion in American taxpayer dollars has been sent to the Israeli military; 300,000 tons of carbon emissions have been created by the bombardment of Gaza, as well as Israeli and US military shipments & aircraft mileage. (use this resource guide to learn more about how the Gaza Genocide and the climate crisis are interconnected)
UN report lists companies complicit in Israel’s ‘genocide’: Who are they? | Israel-Palestine conflict News | Al Jazeera —> BDS Movement
ARMED BANKING AND ITS JOINT RESPONSIBILITY IN THE GAZA GENOCIDE
Which banks support Israel? | Ethical Consumer
Banks could be complicit in human rights violations in Gaza, UN report warns - The Banker
Companies Profiting from the Gaza Genocide | American Friends Service Committee
https://popularresistance.org/these-seven-banks-have-supplied-israels-genocide-in-gaza/
Citi: Banking on Genocide - Visualizing Palestine
UN Calls Out Google and Amazon for Abetting Gaza Genocide | Novara Media
UK banks 'complicit' in Palestinian oppression, rights group claims | Middle East Eye