Mass Exodus from Big Banks is Organizing Online

[Bill USA]

http://techpresident.com/blog-entry/mass-exodus-big-banks-organizing-online

Over 35,000 people have indicated support on Facebook for a mass Nov. 5 exodus of personal bank accounts from big banks and into credit unions, called "Bank Transfer Day" — one of several online groups with the same basic message, popularized by Anonymous, Occupy Wall Street and others, and just the latest in a series of ground-up actions protesting the practices of big banks.

These online efforts trace their origin back to news from September, in response to new provisions in the Dodd-Frank financial overhaul law that would limit the amounts that banks could charge merchants for the use of debit cards. News broke at the time that banks would seek instead to pass the fees along to customers in the form of monthly charges for the use of the cards. As anger at a new fee during tough economic times met the current direct-action national zeitgeist, fueled by Occupy Wall Street, initiatives began to spring up online.
(more)

[doublethink]

1. Needs to happen.

[DCKit]

2. I can't, right now, but I would if I could. It's complicated. nt

[tk2kewl]

3. K&R

my new account at Bethpage Federal Credit Union now is open... just need to change my direct deposit and my Chase account is history.

[ComtesseDeSpair]

4. I'm in process right now.

I set-up an account with Green Choice Bank here in Chicago last Saturday, set-up my auto-deposit to go there with my next paycheck, and as soon I confirm everything went in smoothly and I have my checks and debit card in hand, buh-bye Chase. It feels SO GOOD to say that.

[meow2u3]

5. I just opened a credit union account today

The name: People First :)
All I need to do is wait for my remaining outstanding payments (1 check, 1 autodebit payment), plus change my direct deposit information, and then I can tell Wells Fargo, "Good riddance to bad rubbish."