Bank Transfer Day

**MizMotown** · November-01-11, 10:26 AM

Bank Transfer Day is a boycott initiative calling for a voluntary switch from commercial banks to not-for-profit credit unions by November 5, 2011. As of October 15, 2011, a Facebook page devoted to the effort had drawn more than 54,900 supporters.^[1] Debit card fees of $5 a month from the Bank of America are among steps leading to the Bank Transfer Day protest with a November 5 deadline.^[2] Occupy Wall Street participants support the effort^[3] even though the events are not related.^{[4]

http://en.wikipedia.org/wiki/Bank_Transfer_Day

If you don't want to occupy, this is the least you could do. The power is in the people. People. The time is now.}

**Meddle** · November-01-11, 11:59 AM

BoA and most of the other banks have cancelled these fees and some have refunded fees collected so far.

**MizMotown** · November-01-11, 12:08 PM

Good.

Now they can start paying back the free bailout money.

**oladub** · November-01-11, 12:26 PM

MizMotown, Good idea. Bank with local institutions more likely to invest in one's own community and, if possible, at a credit union owned by it's depositors. The big banks have written the laws in their own favor so the number of smaller local banks is disappearing as national banks gobble them up. Some of the proposed regulatory laws will burden the smaller banks more than the mega banks so the devouring of small local banks may increase at a faster rate. It isn't a coincidence that the regulatory laws were written that way.

End the Fed too.