Today is National Move Your Money Day and the Progressive Change Campaign Committee is excited to share some big news with you: we launched a first-of-its-kind online tool to help consumers find good-guy banks. It's called Banxodus!
Have you wanted to move your money out of your giant Wall Street bank in the past only to find it difficult to find a "good guy" bank in your area? Thanks to thousands of volunteers, Banxodus is here to help you find the right bank or credit union for you.
The New York Times reported back in Thursday:
"A site going online...aims to use crowdsourcing to provide more detailed information about both credit unions and community banks. Banxodus, an effort by the Progressive Change Campaign Committee, says it has more than 7,500 institutions in its database, which was created with the help of a few thousand volunteer researchers."
Please consider helping us make the crowdsourced information even better by calling local banks, asking them some key questions, and inputting the results.
We make it easy -- giving you the phone numbers of banks in your area and the exact questions to ask. These include whether the banks took bailout money, whether they hold their own local mortgages, what kind of fees they have, and other important factors.
Every bank you call will help thousands of others to hold Wall Street accountable and move their money.