Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

‘Bank Transfer Day’ Gains Momentum on Facebook (Occupansies Plan Nov 5th Bank Chaos)
ABC News ^ | 10/19/11 | By Lyneka Little

Posted on 10/23/2011 12:45:40 PM PDT by drewh

In about 18 days, more than 50,000 people plan to send a message to banks: Goodbye.

In an event titled “Bank Transfer Day” thousands are signing up to leave large banks in favor of credit unions on or before Saturday, November 5, over what some call unethical practices.

“If you don’t believe in a company’s practices or feel that a company’s practices are unethical, then, very simply, you should not have money with that company,” the 27-year-old creator of the event, Kristen Christian, told KTLA Live.

“I was tired of paying outrageous fees to banks for a severe lack of services. I was tired of having my money access determined by a corporation and the final straw because I was tired of banks targeting the impoverished and working class,” she said.

In addition to the 51,000 and counting rsvp's for “Bank Transfer Day,” a cause page for the event has amassed more than 15,000 likes, and the group’s twitter page now exceeds 600 followers.

The group’s mission, according to the public Facebook invite: ”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.”

In recent weeks, banks have drawn fire over fee hikes. A petition titled ”Tell Bank of America: No $5 Debit Card Fees” has gained popularity, with more than 130,000 signatures.

Now, Bank Transfer Day may be gaining even more steam. The group’s attendees are active and vocal on the events page, sharing their stories of change with the public.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Extended News; News/Current Events; US: New York
KEYWORDS: bankofamerica; banktransferday; kristenchristian; ricoact
Navigation: use the links below to view more comments.
first 1-5051-80 next last

1 posted on 10/23/2011 12:45:46 PM PDT by drewh
[ Post Reply | Private Reply | View Replies]

To: drewh

Well, I’ve got to admit, if you want to protest something you don’t agree with, THIS is the way to do it. Not breaking the laws and health and sanitation ordinances.


2 posted on 10/23/2011 12:47:30 PM PDT by fwdude ("When in the Course of human events it becomes necessary for one people to dissolve ...")
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh

That’s a Saturday. Banks are closed. Joke’s on the kids.


3 posted on 10/23/2011 12:48:38 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh

They’re waiting until after the first of the month so their mean ol’ banks can charge them more fees. Real smart there, huh.


4 posted on 10/23/2011 12:49:17 PM PDT by bgill (There, happy now?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh

Stupid reporters. People were lining up to change banks after they raised their fee because of the new law LONG LONG before anyone decided to try claim credit for some movement.


5 posted on 10/23/2011 12:49:17 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh

Closer to home, the last time we listened to these braindead, hippie college kids, all of Arizona’s forests burned down. Only “good” can come out of this. ROTFL!


6 posted on 10/23/2011 12:51:51 PM PDT by FlingWingFlyer (Stop Government Greed Now!!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh

Likely result:

Lower than expected participation. Most participants will withdraw their money, but then spend it all on pizza for their fellow gypsies.

Then protest, because they don’t have any money left.


7 posted on 10/23/2011 12:51:58 PM PDT by Cringing Negativism Network (America First)
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh

Figures. Credit unions pay no federal income taxes.


8 posted on 10/23/2011 12:54:26 PM PDT by clintonh8r (Living well is no longer the best revenge. Revenge is now the best revenge.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Southack

lol. The banks will be closed for a half day!


9 posted on 10/23/2011 12:55:42 PM PDT by drewh
[ Post Reply | Private Reply | To 3 | View Replies]

To: drewh

last one out will be holding the bag. If I was them, I won’t wait for the day to pull out. Pull out early


10 posted on 10/23/2011 12:57:19 PM PDT by 4rcane
[ Post Reply | Private Reply | To 1 | View Replies]

To: Southack

That’s a Saturday. Banks are closed. Joke’s on the kids.
______________________________________________________________

I think their goal was just to “git ‘er done” before Mon., Nov. 7th. And besides; national banks like Wells Fargo, Chase and others are open until 1:00 p.m. on Saturday.


11 posted on 10/23/2011 12:57:19 PM PDT by no dems (Gingrich/Cain: The Dream Ticket in 2012 !)
[ Post Reply | Private Reply | To 3 | View Replies]

To: clintonh8r

Credit Unions are “non-profit”


12 posted on 10/23/2011 12:58:54 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
[ Post Reply | Private Reply | To 8 | View Replies]

To: drewh

>”Tell Bank of America: No $5 Debit Card Fees” <

Then withdraw money from a teller and use cash. What’s the problem? I rarely go to to ATM’S nor am I one of those slow-pokes at the counter where it takes them 5 minutes to figure out ...”cash debit, $20?” and they are daydreaming if they want that denomination.

Use cash.


13 posted on 10/23/2011 12:59:48 PM PDT by max americana
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh
Sounds suspiciously like a conspiracy to start a run on banks.

I think there are laws against stuff like that. I heard Dick Durbin broke it just a few weeks ago.

14 posted on 10/23/2011 1:00:48 PM PDT by E. Pluribus Unum ("Government does not solve problems; it subsidizes them." --Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Southack

Despite the fact that the banks won’t be open on 11/5, this is a clear example of how consumers can vote with their wallets.
It’s high time that people stop supporting companies that support political causes that enslave them. If the capitalists (who still constitute the majority) would simply recognize the crap state of the economy and organize to destroy lefty businesses that buy commercial time on crap networks or support liberal causes, we could have a pretty bright silver lining to the mess that this Administration has created.


15 posted on 10/23/2011 1:01:09 PM PDT by Steamburg (The contents of your wallet is the only language Politicians understand.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: drewh

A lady in our church used to work for Chase. If you get cash from the ATM on your Chase Credit Card, you not only pay the interest but a “fee”. If you use your Chase credit card to get $20 at the ATM, it costs you a $10 fee plus 21% interest for that $20.


16 posted on 10/23/2011 1:01:33 PM PDT by no dems (Gingrich/Cain: The Dream Ticket in 2012 !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh
I've had the same credit union account for over 30 years now. I have no idea why so many Americans still insist on using banks that charge all kinds of fees. I pay no fees and interest rates are lower for loans and higher for savings. That's because credit unions are non-profit entities owned by the shareholders.
17 posted on 10/23/2011 1:03:55 PM PDT by AlaskaErik (I served and protected my country for 31 years. Progressives spent that time trying to destroy it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: drewh

It costs banks a fair amount of $$ to process closed accounts. Mostly labor.


18 posted on 10/23/2011 1:04:18 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Southack

No. Banks are open Sat. This is too close to the Nov 9th emergency media test for tv and radio at 2 pm.


19 posted on 10/23/2011 1:04:45 PM PDT by DownInFlames
[ Post Reply | Private Reply | To 3 | View Replies]

To: max americana; All

See Post #16


20 posted on 10/23/2011 1:04:49 PM PDT by no dems (Gingrich/Cain: The Dream Ticket in 2012 !)
[ Post Reply | Private Reply | To 13 | View Replies]

To: fwdude

“Well, I’ve got to admit, if you want to protest something you don’t agree with, THIS is the way to do it.”

I am in agreement with this tactic. I practice it as well - albeit from a more conservative point of view. I recently closed my savings account with a smaller bank because they were assessing me a $10 fee for not keeping my saving balance above a certain amount.

There are mutual funds available for those people who have religious or moral standards as to how they invest their money. Check out this link:

http://www.timothyplan.com/

More people out there ought to start speaking with their wallets.


21 posted on 10/23/2011 1:08:50 PM PDT by MplsSteve (Amy Klobuchar is no moderate. She's Al Franken with a nicer smile.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: 4rcane

I wish Barry’s daddy would have


22 posted on 10/23/2011 1:14:08 PM PDT by al baby (Is that old windbag still on the air ?)
[ Post Reply | Private Reply | To 10 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks drewh.


23 posted on 10/23/2011 1:18:15 PM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | View Replies]

To: drewh

HOLY CRAP, YOU MEAN THESE MORONS HAVE DISCOVERED THEY CAN TRANSFER THEIR ACCOUNTS IF THEY ARE UNHAPPY? DAMN, THIS “FREE TO CHOOSE” CONCEPT MILTON FRIEDMAN SPOKE ABOUT IS OKAY AFTER ALL!


24 posted on 10/23/2011 1:25:55 PM PDT by Recovering_Democrat
[ Post Reply | Private Reply | To 1 | View Replies]

To: clintonh8r

Please tell me you are not complaining about credit unions not paying federal taxes?


25 posted on 10/23/2011 1:29:40 PM PDT by healy61
[ Post Reply | Private Reply | To 8 | View Replies]

To: WhyisaTexasgirlinPA; Xenalyte
the 27-year-old creator of the event, Kristen Christian, told KTLA Live

Stupid name ping.

26 posted on 10/23/2011 1:29:40 PM PDT by SoothingDave
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum; driftdiver

If we had a legal POTUS, this would be a violation of the RICO Act.

OTOH, the Occu-puds should be arrested for vagrancy, and if they’ve got illegal street drugs on them, prosecuted for that. Any of them involved in dealing, prosecuted. Vandalism, prosecuted. Rioting or inciting to riot, prosecuted.


27 posted on 10/23/2011 1:30:01 PM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | To 14 | View Replies]

To: All

Ofcourse, their collective $20,543.18 is not really going to have a big impact.


28 posted on 10/23/2011 1:32:50 PM PDT by riri
[ Post Reply | Private Reply | To 24 | View Replies]

To: drewh
“I was tired of paying outrageous fees to banks for a severe lack of services.

That is the way the free market is supposed to work. An increase in price of a good or service tends to lead to a decrease in demand for it.

29 posted on 10/23/2011 1:33:47 PM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
[ Post Reply | Private Reply | To 1 | View Replies]

To: riri

Dont the Occupansies have to have an actual job/ place of employment to join a credit union?


30 posted on 10/23/2011 1:34:49 PM PDT by drewh
[ Post Reply | Private Reply | To 28 | View Replies]

To: max americana

My bank just started charging $4 a month for ATM card.

It doesn’t matter if it gets used or not. My mistake was not realizing this fee was a different one, as my checking account is still “free”. Except for the ATM card fee, that is tied to my “free” checking.

As my blood pressure subsides, will enquire if/how to cancel the ATM card. If they refuse it’s time to find another bank. One that didn’t need hundreds of billions of bailout dollars.

I can’t believe how stupid these Fu$&kers are - banks are not very popular right now, to put it mildly, and they go ahead and pull a stunt like this.


31 posted on 10/23/2011 1:35:11 PM PDT by Freedom4US
[ Post Reply | Private Reply | To 13 | View Replies]

To: AlaskaErik

I like my credit union way better than a bank too. The only time they haven’t been able to help me was when i was needing to convert some leftover Euros. I had to go to Wells Fargo where they gave me the financial equivalent of prison rape with their rates.

If you need a bank building to visit in several states,,ok. But a good credit union will make you treat you like a bank used to a few decades ago.


32 posted on 10/23/2011 1:37:03 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
[ Post Reply | Private Reply | To 17 | View Replies]

To: drewh
In an event titled “Bank Transfer Day” thousands are signing up to leave large banks in favor of credit unions on or before Saturday, November 5, over what some call unethical practices.

WooHoo! I work for the largest credit union in New England! Come on over, folks!!

33 posted on 10/23/2011 1:37:13 PM PDT by SuziQ
[ Post Reply | Private Reply | To 1 | View Replies]

To: AlaskaErik

I hate the smelly hippies,, but my experience with credit unions has been very good. Banks,,not nearly so much.


34 posted on 10/23/2011 1:39:00 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
[ Post Reply | Private Reply | To 17 | View Replies]

To: mjp

” An increase in price of a good or service tends to lead to a decrease in demand for it. “

In an economy largely driven by ‘asset bubbles’ (say, us, the past 20 years) this truism gets forgotten - but, like gravity, when it reasserts itself, it usually leads to pretty disastrous results....


35 posted on 10/23/2011 1:39:13 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Southack
That’s a Saturday. Banks are closed. Joke’s on the kids.

Wrong. Some banks here in New England ARE open on Saturdays and Sundays, particularly the ones with branches inside grocery stores. And the credit union at which I work is open every Saturday.

36 posted on 10/23/2011 1:44:15 PM PDT by SuziQ
[ Post Reply | Private Reply | To 3 | View Replies]

To: MplsSteve

Thanks for the link.


37 posted on 10/23/2011 1:48:39 PM PDT by Sister_T ("Calling ILLEGAL aliens "immigrants" is like calling shoplifters 'customers'!"-UCFRoadWarrior ><>)
[ Post Reply | Private Reply | To 21 | View Replies]

To: AlaskaErik

We switched to a credit union a few years ago. We’ve been very happy for the reasons you mention.


38 posted on 10/23/2011 1:49:30 PM PDT by APatientMan (Pick a side)
[ Post Reply | Private Reply | To 17 | View Replies]

To: SunkenCiv

“this would be a violation of the RICO Act”

Nope,, you have to be organized to commit a crime. Organized people saying, “hey,,everyone should stop doing business with the bank, it’s better to go to the credit union instead”.

How is that a crime? If i try to convince every conservative to never buy a GE or GM product, should i be in violation of RICO?


39 posted on 10/23/2011 1:49:42 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
[ Post Reply | Private Reply | To 27 | View Replies]

To: drewh

I’ve already done this years ago. My experiences with the “big banks” drove me that way a long time ago.


40 posted on 10/23/2011 1:51:07 PM PDT by glorgau
[ Post Reply | Private Reply | To 1 | View Replies]

To: no dems

how about a Chase debit card?


41 posted on 10/23/2011 1:53:58 PM PDT by max americana
[ Post Reply | Private Reply | To 16 | View Replies]

To: Freedom4US
Find a local credit union that is a member of the "Credit Union Service Center". That way, you can have access to your money at other credit unions around the nation which are also members of that Service group. We were able to do this when we purchased some equipment from a seller in MO. He went to the local credit union with us, we withdrew funds from our MA credit union and we had a bank check made payable to him.

I have members from other credit unions who come to the credit union at which I work to do their transactions, all the time. I simply choose a different financial platform on which to do those; pretty easy greasy!

42 posted on 10/23/2011 1:53:58 PM PDT by SuziQ
[ Post Reply | Private Reply | To 31 | View Replies]

To: DesertRhino
If you need a bank building to visit in several states,,ok....

As I mentioned in a post above, if your credit union is a member of a Credit Union Service Center, it's like having YOUR credit union all over the country, because you'll have access to your accounts at one of the other credit unions.

43 posted on 10/23/2011 1:57:51 PM PDT by SuziQ
[ Post Reply | Private Reply | To 32 | View Replies]

To: DesertRhino; Freedom4US
Shared Branching
44 posted on 10/23/2011 2:00:55 PM PDT by SuziQ
[ Post Reply | Private Reply | To 43 | View Replies]

To: healy61

Please tell me you think one financial institution should not have the burden of paying taxes while another one should.


45 posted on 10/23/2011 2:03:27 PM PDT by clintonh8r (Living well is no longer the best revenge. Revenge is now the best revenge.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: drewh
I say let the OWS deadbeats withdraw their combined $12 and go to a credit union. These are the same deadbeats that aren't paying their bills and don't have much anyway.

Who knows, once the dead-weight from these maggots is out of the banks, all those fee hikes may just start to disappear since banks won't have to write down these freak's losses anymore.

BTW, these IDIOTS don't know that Credit Union's are NOT FDIC insured and that you do not "deposit" money in a Credit Union, rather your money "buys shares."

I can't wait for the unscrupulous, predominantly union majority shareholder credit unions screw these kids out of their $12 so they can protest them instead!

Justice, that would be sweet.

46 posted on 10/23/2011 2:04:40 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 1 | View Replies]

To: SuziQ

Interesting. Did not know that.


47 posted on 10/23/2011 2:05:14 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
[ Post Reply | Private Reply | To 43 | View Replies]

To: clintonh8r

If banks want to not pay taxes, like credit unions,,,, they could organize as non-profits, and live with the rules credit unions do, now couldn’t they?


48 posted on 10/23/2011 2:09:52 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
[ Post Reply | Private Reply | To 45 | View Replies]

To: drewh

Already done this. I dumped a monster mega-bank about 6 months ago in favor of a local credit union.

There are a few inconveniences, but overall I am glad I did it.

I am NO liberal, but BoA, Chase, Citi, Wells Fargo, etc HAVE gone too far.....


49 posted on 10/23/2011 2:13:41 PM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DesertRhino

No. They would have to be specially chartered as credit unions. I guess the profit motive is becoming taboo on FR.....


50 posted on 10/23/2011 2:18:07 PM PDT by clintonh8r (Living well is no longer the best revenge. Revenge is now the best revenge.)
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-80 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson