Bank Transfer Day has customers leaving corporate banks
Bank Transfer Day is tomorrow and has hundreds of thousands of customers closing their accounts at large corporate banks in favor of community banks.
By CANDICE CHOI, Associated Press / November 4, 2011
A grassroots movement that sprang to life last month is urging bank customers to close their accounts in favor of credit unions by Saturday.
The spirit behind "Bank Transfer Day" caught fire with the Occupy Wall Street protests around the country and had more than 79,000 supporters on its Facebook page as of Friday. The movement has already helped beat back Bank of America's plan to start charging a $5 debit card fee.