Bank Transfer Day is November 5th

Posted on November 4, 2011

Bank Transfer Day is a movement encouraging people to swtich away from large banks like Bank of America, Citi and Wells Fargo. The movement has a Facebook page and a Twitter account, @banktransferday.

Kristen Christian, the organizer of Bank Transfer Day, says, "I started this because I felt like many of you do. I was tired-- tired of the fee increases, tired of not being able to access my money when I need to, tired of them using what little money I have to oppress my brothers & sisters. So I stood up. I've been shocked at how many people have stood up alongside me. With each person who RSVPs to this event, my heart swells. Me closing my account all on my lonesome wouldn't have made a difference to these fat cats. But each of YOU standing up with me... they can't drown out the noise we'll make."

Some local community banks and credit unions are reporting a surge in new customers. Take a look: