Saturday, November 5, 2011

FOCUS | Bank Transfer Day: Six Reasons to Move Your Money

Frustrated consumers are joining a nationwide move to switch banks on November 5, 2011. (photo: Ted S. Warren/AP)
Jessica Reeder, Shareable
Reeder writes: "Ultimately, an act of protest may be one of the lesser reasons you decide to switch. But for many, it's the spark that has ignited their passion. Kristen Christian certainly intended to make a statement when she started Bank Transfer Day. 'The final straw came with the announcement of new monthly fees for any customers with less than $20,000 in combined accounts. It's apparent this new policy directly targets the impoverished and working class,' she said in an interview. 'If you don't believe in a company's practices or feel that a company's practices are unethical, then, very simply, you should not have money with that company.'"

1 comment:


Hi Rafael! I've read your blog with huge interest. I'm going to do some local research in my own city, Buenos Aires, Argentina. Trouble is, here we're still living in a spending bubble and everything is riddled with corruption. But as soon as our Queen Cristina was re-elected with 54% of the (bought with our money) votes, all subsidies have been removed from services, from health to electricity. And a circle has been put around buying foreign currencies, so it's all complicated and unpredictable. Thanks for sharing this article, nonetheless. Cheers!