Guess How Much Money Angry Customers Moved Out Of Banks In Support Of Bank Transfer Day

Business Insider ^ | 11/07/2011 | Linette Lopez

[Red Boots]

According to ABC News, In October alone Credit Unions around the country gained 650,000 new customers and $4.5 billion were moved out of major banks.

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MOney is moved into/out of credit unions and banks all the time. In order for this number to mean anything, the article would also have to give the normal background transfer rate. Of course, it doesn’t. I wonder why ? My guess is that this number is well within the normal background transfer in/out rate.

[tiki]

Exactly, this wasn’t caused by OWS it was caused by BofA when they announced their new debit card policy they are just riding coattails.

[Darth Reardon]

Sounds great. Once they institute mandatory direct deposit we won’t ever need to fill out tax forms again. The feds can just take whatever they need, and leave what’s left over in “our” accounts for us to use as we see fit.