Switch to a sustainable bank

Most mainstream banks—especially large ones—continue to finance the expansion of fossil fuel infrastructure. From 2016 to 2023, over $6.9 trillion was poured into coal, oil, and gas projects by commercial banks. That includes pipelines, drilling, fracking, and more. If you bank with one of these institutions, your money is part of the problem—whether you realize it or not.

Sustainable banks and credit unions fund renewable energy, green building, regenerative agriculture, fair trade, and social enterprises. By moving your accounts, you support projects that restore, not destroy. Many of these banks also have strict environmental, social, and governance (ESG) screens to ensure your money aligns with climate and justice goals.

Banks care about deposits. When customers move their accounts to sustainable institutions, it pressures larger banks to change their policies and fuels the growth of ethical finance. It also makes it harder for fossil-dependent banks to claim the public supports them. This kind of financial pressure is crucial in forcing systemic change in the industry.

Switching your bank or opening a new account can be done in a few hours. Most sustainable banks offer the same services—online banking, cards, savings, loans—as traditional banks. You don’t have to sacrifice convenience, but the impact of your money becomes far more positive.

This action isn’t limited to checking and savings. You can also move your retirement funds, investments, and insurance to providers that screen out fossil fuels and invest in green solutions. Pension funds in particular have enormous climate leverage.

Be aware: some banks market themselves as “green” while still investing in fossil fuels behind the scenes. Look for truly sustainable banks, often certified by independent bodies or transparency benchmarks (e.g. _BankTrack_, Green finance guide). Always check where your bank’s money actually goes.