Bank Transfer Day

Written by Anthony Voigt Friday, 04 November 2011 09:55

650,000 Americans join US Credit Unions! In an extraordinary story of consumer-lead activism, 650,000 Americans have apparently already transferred their banking from banks to US credit unions as part of a social media driven ‘Bank Transfer Day’ scheduled for 5 November.

The protest, sparked by a since-rescinded decision of the Bank of America to charge a $5 per month debit card fee, prompted a Los Angeles art dealer Kristen Christian to invite consumers via Facebook to transfer their banking from banks on a ‘Bank Transfer Day’, which she scheduled for 5 November:  Guy Faulks Day.

The result has been phenomenal with account transfers to US credit unions exceeding anything ever experienced.

Read about the movement here:

• Current status of Bank Transfer Day
• Background to the protest
• Bank Transfer Day Facebook page
• Bank Transfer Facebook event

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