It’s “Bank Transfer Day”

…the day fed-up, fucked-over bank customers tell their banks to fuck off.

This is the day bank customers have been encouraged to “Move [Their] Money” out of Too Big To Fail Pig Palaces like Bank of America and into credit unions, out of Wall Street and into Main Street.  Mass Banxodus!:

The social media-organized global backlash against big banks began Saturday, as thousands of fed-up customers yanked their money en masse from large corporate institutions to dump it into credit unions.

Smaller community banks across the United States were recording an uptick in business as a result of the anti-corporate sentiment, which came to a head on so-called international “Bank Transfer Day” on Saturday.

And slowly but surely, it seems to be catching on.  Today’s Big Number —  650,000:

As the social media-sparked Bank Transfer Day approaches, the Credit Union National Association (CUNA) reports that over 650,000 people have joined credit unions in the last four weeks.

This isn’t an Occupy Wall Street idea (though they endorse it), but it’s a good one!  In fact, of all the ideas that have emerged during the recent anti-bankster upheaval, this is the one I like best, the one that makes me leap up and pump my fist in the air and scream “YES!!”.  Because it’s the one that, if done right, would work. Bank of America has already backed down on a proposed new debit card fee that they hoped to slide by snoozing customers last month, instead awakening a sleeping giant who proceeded to get up out of the wrong side of the bed and scream back at the bank: “OH, YEAH??!”

But as luck would have it…  I wonder how many other bank customers will find their banks’ electronic transaction systems “down for maintenance” this weekend and in the coming days.

11 Responses to “It’s “Bank Transfer Day””

  1. 1 janfromthebruce Saturday, November 5, 2011 at 4:37 pm

    I already belong to a credit union!

  2. 2 hemmingforddogblog Sunday, November 6, 2011 at 6:53 am

    HSBC had big world wide problems last week with their systems and BofA is about to go tits up! Remember they bought out crazy Angelo at Country Wide Financial AND Merrill Lynch! Things are getting interesting!

  3. 4 JJ Sunday, November 6, 2011 at 12:33 pm

    Well well well… 😆

    Funny, I’m reading a book called “The End of Wall Street As We Know It”, all about the crash, and it tells all about who bought up who etc. When I read about BoA’s acquisitions, I thought: What were they thinking?

    It’s true, that Gordon Gekko quote I’ve got taped to my computer: “Bulls make money and bears make money but PIGS GET KILLED” 😆

  4. 5 hemmingforddogblog Monday, November 7, 2011 at 6:46 am

    didn’t Gordon Gekko say, “Greed is good!”?

  5. 6 sinned34 Monday, November 7, 2011 at 3:08 pm

    I work at a credit union. Unfortunately, it’s starting to get as big and ungainly as a major bank, thanks to mergers and acquisitions. But then, I might just be bitter because we’re the “small fish” in or latest merger, and my department is being squeezed in an unflattering manner.

  6. 7 J. A. Baker Tuesday, November 8, 2011 at 11:41 am

    My parents and I have been with a credit union pretty much my whole life, back when the credit union in question primarily serviced IBM’s Austin, TX employees (which my dad was at the time).

  7. 8 JJ Tuesday, November 8, 2011 at 2:09 pm

    They’re definitely a better choice than the TBTF banks.

    Although up here our banksters are significantly reined in by regulation, and were not responsible for blowing up the economy, so moving money out of a bank would be a show of solidarity at best.

  8. 10 JJ Tuesday, November 8, 2011 at 2:27 pm

    Ultimately it’s probably the fate of any growing company. But that doesn’t mean they all have to go crazy with greed and avarice and defraud their customers. Hopefully they’ve all learned something…

  9. 11 J. A. Baker Tuesday, November 8, 2011 at 3:35 pm

    Do any American banksters have operations up in Canada?

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