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Bank Transfer Day has grown quite a bit today!  The group challenges folks to move their bank accounts to credit unions on or before November 5th.  The official statement is as follows:

   
For more information visit the official Facebook page: http://facebook.com/...

Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date, we will send a clear message to the 1% that conscious consumers won't support companies with unethical business practices.

• Open an account with a Credit Union
• Transfer your funds to the new account on or before 11/05
• Follow your bank's procedures to close your account

To find a credit union near you: http://www.findacreditunion.com/

Special thanks to Eddie Colla for the use of his Guy Fawkes image:
http://www.facebook.com/...

As of the time of this writing 17,791 people have indicated that they will participate in this event.  There are 2,854 maybe attending, and 117,307 who have been invited to attend but have yet to respond.  

If you have Facebook, please go out there and indicated your support for this group.  Please also invite your friends to participate as well.  It's very encouraging to see so many people getting involved.  You can be part of this change!!!

To JOIN this event go here

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Comment Preferences

  •  I Live In A Small Rural Town (2+ / 0-)
    Recommended by:
    frustrated1, Spirit of Life

    I use a bank here. I moved from Bank of America to it a few years ago.

    When opportunity calls pick up the phone and give it directions to your house.

    by webranding on Mon Oct 10, 2011 at 12:47:12 PM PDT

    •  All banks aren't bad. (2+ / 0-)
      Recommended by:
      webranding, jennyp

      Small local banks are often actually great because they create jobs in the area and provide loans to people in the area.  I'm just happy when people move their money away from the "bad" banks.  :)  

      •  In My Town Of 5,500 Folks (3+ / 0-)
        Recommended by:
        frustrated1, jennyp, tcdup

        we had three new businesses open the last few weeks. All have signs out front saying money provided by the bank I use. It is a good bank. One thing I just love. I go in to the bank more often than maybe most. They know me. I am addressed as Mr. Young.

        When opportunity calls pick up the phone and give it directions to your house.

        by webranding on Mon Oct 10, 2011 at 12:52:25 PM PDT

        [ Parent ]

        •  All the community banks in my area (1+ / 0-)
          Recommended by:
          jennyp

          have gotten the "get bigger" mentality and have lost their community bank feel.  I miss going into a small bank where everyone knows you!

          •  All of the community banks have been bought out (0+ / 0-)

            I had an account at one and it transferred ownership 4 times until it was bought up by Wells Fargo.  Now the closest community bank is in Santa Cruz, about 15 miles away and not exactly in my community.  There are lots of CU in San Jose area and I belong to one.  I intend to move all my accounts to the credit union by Nov 5.  Thanks for the push.

            "War is Peace, Freedom is Slavery, Ignorance is Strength", George Orwell, "1984" -7.63 -5.95

            by dangoch on Thu Oct 13, 2011 at 10:13:59 AM PDT

            [ Parent ]

  •  T&R'd (3+ / 0-)
    Recommended by:
    Dittoz, frustrated1, Spirit of Life

    Beeee-you-tee-ful!!!

    Remember, Remember!

  •  Word of caution (3+ / 0-)
    Recommended by:
    debedb, tmo, ladybug53

    I work in the financial industry (not banking anymore), and I want to remind everyone to read the fine print. My developmentally disabled brother opened a checking account with one of the larger credit unions here in Madison and gets nailed $1.00 PER TRANSACTION for every PIN-based card purchase when he exceeds 12 per month. As someone who a) makes minimum wage, b) doesn't understand math all that well, and c) uses his card a LOT, this got expensive quickly.

    He found out that using the card in a credit-based transaction doesn't result in these fees and has gone that route, but we'll be leaving that credit union pretty soon in favor of a community bank whose branch is nearby.

    BE CAREFUL! Not all credit unions are as consumer-friendly as one might think.

    "Train yourself to let go of everything you fear to lose." ―Yoda to Anakin Skywalker

    by Auntie Neo Kawn on Mon Oct 10, 2011 at 02:08:56 PM PDT

  •  I'm moving my account (0+ / 0-)

    from Bank of America to Wescom Credit Union probably tomorrow.

    New favorite put-down: S/he's as dumb as a flock of Sarah Palins

    by sleipner on Mon Oct 10, 2011 at 04:35:21 PM PDT

  •  There are 2 convenient credit unions (0+ / 0-)

    but only one that I can join. I'm looking into it (has been around since the 1930s!) but can't tell where it falls politically. I did go to Open Secrets and in Senor Unoball's related diary asked about how to interpret what I found (the lobbying they did on a bill -- can't tell if it was in support or opposition to the bill).
    Any thoughts about other ways to check out this credit union (other than the obvious asking about fees, etc.)?

    If, in our efforts to win, we become as dishonest as our opponents on the right, we don't deserve to triumph.

    by Tamar on Thu Oct 13, 2011 at 10:57:46 AM PDT

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