TAKE ACTION: BANK TRANSFER DAY, NOVEMBER 5TH

TAKE ACTION: BANK TRANSFER DAY, NOVEMBER 5TH

by icebergslim

Mark November 5, 2011 as Bank Transfer Day.

"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 on or by this date, we will send a clear message and give the 1% a taste of the fear that we experience every day when we aren't able to pay for our rent, food, medication, utilities, student loans, etc."

I wrote a diary almost 2 weeks ago urging folks to CUT THE BANKS LOOSE and MOVE YOUR MONEY. All the information is there about credit unions and small banks. Well, this cause is picking up steam on facebook:

But even critics can't argue about the growth prospects of the "occupations" taking place in urban centers across the U.S. Now comes an offshoot of Occupy Wall Street that takes aim at banks where it hurts them most -- in their vaults.

The social uprising -- called "Bank Transfer Day" -- encourages bank customers to take their cash out of big banks and put it in smaller banks and credit unions instead. The movement is ostensibly in response to aggressive fees institutions are rolling out to recover profits lost from new financial regulations, notably Bank of America's(BAC_) decision to stick debit card users with a $5 monthly fee and Wells Fargo's(WFC_) $3 test of the same.

You wanna make a statement? Big corporations or even the government don't listen to whining, could care less if you don't like them, but if you hit them where it hurts and that is the MEAN GREEN in their vault, then they take notice.

Two entities that give the public the most grief because all they do is collect money are BANKS and INSURANCE COMPANIES. How many complaints have the average American had against these entities? Just ask anyone who was caught in the collateral damage of any hurricane, tornadoes, natural disasters, etc. And the fight they must endure just to get what is rightfully theirs. The horror stories are STILL coming out of Hurricane Katrina and thousands STILL have not been compensated.

The same is with banks.

It is time for the public to realize that these banks are at war with their depositors, customers and could care less. Unless a mass movement comes and hit the banks where it hurts, THEIR VAULTS, the banks will continue to fee you to death, while adding more of your money to their vaults.

Hell, Occupy Wall Street is even planning a Occupy Wall Street Is Planning a 'Move Your Money' Out of Chase Bank Day. How can anyone sit on the sidelines after the government did NOTHING to these banks as they ruined our economy? These banks took tax payers dollars for bailout and made record profit, but now continue to sit on trillions of dollars while our economy continues down a ruinous path, due to their excessive greed!! And the final insult is that these banks will make in the BILLIONS off the backs of its depositors, customers by charging them to use their own money. Enough of all this bullshit.

Movement and action comes in the millions, when we all stand together. The only message that banks understand is the MEAN GREEN, please help them to understand by sending them a message....and that is moving your money.

Time to take action. No more sitting on the sidelines. Stop being lazy because you have to go through some hoops to move your money, JUST DO IT.

...and the credit unions?

Even with most credit unions closed for Columbus Day there was plenty of online buzz, and uncertainty, about what the credit union industry role might be on “Bank Transfer Day,” the latest event surfacing from the “Occupy Wall Street” protests.

Industry sources, speaking off the record, suggested any wholesale switch from large banks to CUs on Nov. 5, the day designated by one Californian and carried a twitter Monday, could conceivably put net worth ratios out of whack.

[snip]

For the record, Mark Wolff, CUNA senior vice president-communications, said only that the trade group welcomes the idea of “a viral 'Bank Transfer Day'” since it shows “just how angry consumers are becoming with their treatment by big banks” and will now look at CUs.

This is an action diary, spread the word....

Daily Kos: TAKE ACTION: BANK TRANSFER DAY, NOVEMBER 5TH