Bank Transfer Day, which got its start as a Facebook event for a few friends, turned into an overwhelming national success in less than a month.
Frustrated by dishonest practices, lackluster customer service, and a willingness to gamble with taxpayer money, around 1 million people moved more than $4.5 billion from big banks into the nation’s roughly 7,000 credit unions alone, according to the Credit Union National Association (CUNA).
Since the only language for-profit banks understand is money, this ongoing movement ought to get their attention. Here’s Bank Transfer Day’s creator, Kristen Christian with more on the grassroots movement’s success:
If you didn’t hear about Bank Transfer Day in time, or just didn’t have time to move your money over the weekend, don’t worry: Bank Transfer Day has turned into Bank Transfer Week with many more Americans choosing to reclaim control of their money from the Big Banks in the days ahead.
Image via Occupy Tallahassee
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