A movement inspired by the disgust over the $5 debit card fees piloted by the Bank of America and a handful of other banks is calling upon people who are fed up with the widespread increases in fees to close their accounts in “big” banks and move them to local credit unions that do not typically fee people to death.
ABC reported yesterday as profiled in the video on this link that over 1 Million accounts have been moved during the last month. The City County Observer was the first to expose the Bank of America fees locally along with a listing of other banks piloting the practice including Regions Bank that has an Evansville presence.
Bank Transfer Day has established a Facebook page to assist people in choosing a new bank at http://www.facebook.com/event.php?eid=281139538577206
ABC’s report is on the following link:
http://www.youtube.com/watch?v=cTzFdworUI0
