Bank Transfer Day �

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corporate-owned banks on Saturday lost many accounts as thousands of people in US closed their accounts with the said banks on ‘Bank [url="http://en.wikipedia.org/wiki/Transfer_Day"]Transfer Day[/url]’. People shifted their banking relationship to[color=#0000FF !important]credit[/color] unions and smaller not-for-profit institutions.[/size][/font][/color]
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“National Bank Transfer Day” was an event organised by a variety of groups across the country. Many were affiliated with the ‘Occupy Wall Street’ movement.[/size][/font][/color]
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The event was in downtown Austin, Texas on Saturday afternoon where many including Gary Marsh participated.[/size][/font][/color]
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Gary said, “I’m doing this because there’s too much money in the hands of too few people,”[/size][/font][/color]
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The march was started by group named “Occupy Austin”. They began their march at city hall. The message was loud and clear: to move money out of large banks and to put them into local credit unions where it will benefit the local community.

Police kept a close watch on several hundred protesters outside a branch of Wells Fargo bank.
The customers of Bank of America, Wells Fargo, and other major banks participated in the march.
One of the demonstrators, Dave Cortez said, “People closing their accounts and moving them to local creditunions is an empowerment tool. It gives them the opportunity to realise that they have the ability to affect change.”
Jennifer Ventimiglia, Amplify Credit Union’s Vice-President of Retail said, “We have opened more accounts today than we have done in a week in each one of our branches.”
Occupy Austin’s finance team reveled that last month many people pulled almost half a million US dollars out of banks to put into credit unions.
Most of the people who participated in the march said that avoiding fees was not the only reason for this shift.
Amelia Vassar, who closed her account at Chase Bank said, “I’ve seen them charge me ridiculous fees, rearrange transactions so that they can charge me the most amount in overdraft things.
A similar demonstration could be seen in Seattle, [color=#0000FF !important]Washington[/color].
The Credit Union National Association reveled that, “650, 000 banking customers have switched to creditunions since late September when Bank of America announced a new [color=#0000FF !important][url="http://www.shopica.com/"]debit card[/url][/color] fee.”

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