Skip to comments.‘Bank Transfer Day’ Gains Momentum on Facebook (Occupansies Plan Nov 5th Bank Chaos)
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 dont believe in a companys practices or feel that a companys 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 groups twitter page now exceeds 600 followers.
The groups 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 wont 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 groups attendees are active and vocal on the events page, sharing their stories of change with the public.
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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.
That’s a Saturday. Banks are closed. Joke’s on the kids.
They’re waiting until after the first of the month so their mean ol’ banks can charge them more fees. Real smart there, huh.
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.
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!
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.
Figures. Credit unions pay no federal income taxes.
lol. The banks will be closed for a half day!
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
Thats a Saturday. Banks are closed. Jokes 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.
Credit Unions are “non-profit”
>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.
I think there are laws against stuff like that. I heard Dick Durbin broke it just a few weeks ago.
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.
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.
It costs banks a fair amount of $$ to process closed accounts. Mostly labor.
No. Banks are open Sat. This is too close to the Nov 9th emergency media test for tv and radio at 2 pm.
See Post #16
“Well, Ive got to admit, if you want to protest something you dont 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:
More people out there ought to start speaking with their wallets.
I wish Barry’s daddy would have
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!
Please tell me you are not complaining about credit unions not paying federal taxes?
Stupid name ping.
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.
Ofcourse, their collective $20,543.18 is not really going to have a big impact.
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.
Dont the Occupansies have to have an actual job/ place of employment to join a credit union?
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.
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.
WooHoo! I work for the largest credit union in New England! Come on over, folks!!
I hate the smelly hippies,, but my experience with credit unions has been very good. Banks,,not nearly so much.
” 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....
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.
Thanks for the link.
We switched to a credit union a few years ago. We’ve been very happy for the reasons you mention.
“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?
I’ve already done this years ago. My experiences with the “big banks” drove me that way a long time ago.
how about a Chase debit card?
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!
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.
Please tell me you think one financial institution should not have the burden of paying taxes while another one should.
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.
Interesting. Did not know that.
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?
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.....
No. They would have to be specially chartered as credit unions. I guess the profit motive is becoming taboo on FR.....