Q: I do business at a bank which offers a stellar 5.15% APY [annual percentage yield] savings account. That’s mainly why I bank there. However, I noticed they offer loans for in vitro fertilization (IVF) and they seem pro-LGBTQ. They offer loans on neutral things, too. The problem is most banks are supporting bad stuff. So, is it wrong for me to still bank there? — Neil

Answered by Fr. Edward McIlmail, LC:

The answer depends on various factors.

I’ll assume from your note that you don’t want to support LGBTQ stuff. That’s good.

You mention that most banks support bad causes. Are there any that don’t?

If you could find an alternative, you might want to consider doing your banking elsewhere, even if it means a lower return on your savings.

If you can’t easily find an alternative, you could probably stick with your current bank, since your intention isn’t to support bad causes. 

One suggestion: Think about letting the bank know that you don’t care for its LGBTQ policy and its IVF loans and that you will keep an eye out for an alternative institution.

This might not change any minds immediately. But if enough people sent the same message, the bank might rethink its approach. Change, if ever it comes, starts with small steps.

For further reading see this post at the National Catholic Register.