Bank Transfer Day: Difference between revisions

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}}</ref> initiative calling for a voluntary switch from [[commercial bank]]s to not-for-profit [[credit union]]s by November 5, 2011.<ref>{{cite web | url=https://abcnews.go.com/blogs/business/2011/10/bank-transfer-day-gains-momentum-on-facebook/ | title=‘Bank Transfer Day’ Gains Momentum on Facebook | publisher= Consumer Report (blog of [[ABC News]]) | date=October 18, 2011 | accessdate=October 20, 2011 | author=Little, Lyneka}}</ref><ref>{{cite web|author=Staff |url=http://www.myfoxboston.com/dpps/news/bank-transfer-day-movement-goes-viral-dpgoha-20111013-fc_15452620 |title='Bank Transfer Day' Movement Goes Viral |publisher=[[WFXT]] |date=October 13, 2011 |accessdate=October 20, 2011 }}{{dead link|date=October 2016 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{cite news | url=https://articles.latimes.com/2011/nov/04/business/la-fi-bank-transfer-20111105 | title=One Facebook post becomes national movement to abandon big banks | newspaper= [[Los Angeles Times]] | date=November 4, 2011 | accessdate=November 6, 2011 |author1=Pfeifer, Stuart |author2=Reckard, Scott |lastauthoramp=yes }}</ref> As of October 15, 2011, a [[Facebook]] page devoted to the effort had drawn more than 54,900 "likes".<ref name=nytimes1>{{registration required|date=October 2011}} {{Cite news|title=Online Banking Keeps Customers on Hook for Fees|url=https://www.nytimes.com/2011/10/16/business/online-banking-keeps-customers-on-hook-for-fees.html|accessdate= October 17, 2011| work = [[The New York Times]] |author=Schwartz, Nelson D.|date=October 15, 2011}}</ref> [[Debit card]] fees of $5 a month from the [[Bank of America]] are among steps leading to the Bank Transfer Day protest with a November 5 deadline.<ref>

 

Christian, an art gallery owner in [[Los Angeles]], [[California]], said he was dissatisfied with Bank of America's "ridiculous fees and poor customer service."<ref>{{cite web | author = Miller, Jen A. | date = October 15, 2011 | title = Fed Up L.A. Gallery Owner Launches 'Bank Transfer Day' | url = http://www.interest.com/savings/advice/fed-up-l-a-gallery-owner-launches-bank-transfer-day/ | publisher = Savings Blog (blog of [[interest.com]]) | accessdate = October 20, 2011}}</ref> He created an event on Facebook called “Bank Transfer Day” and invited his friends to close their accounts at big for-profit banks and move their money to credit unions by November 5, 2011. Christian chose November 5 because of its association with [[Guy Fawkes]], who tried to [[Gunpowder Plot|blow up the British House of Lords]] and bring [[Catholic Church|Catholic]] rule back to the United Kingdom, but was captured on that date in 1605.<ref>{{cite news | author = White, Martha C. | date = October 10, 2011 | title = Wall Street Protests Get Specific: Could 'Bank Transfer Day' Pit Americans Against Their Big Banks? | publisher = Moneyland (blog of [[Time (magazine)|Time]]) | url = http://moneyland.time.com/2011/10/10/bank-transfer-day-urges-americans-to-leave-big-banks/ | accessdate = October 19, 2011}}</ref><ref>{{cite web | url=http://www.cutimes.com/2011/10/19/bank-transfer-day-a-good-time-to-be-a-cu | title=Bank Transfer Day: A Good Time to Be a CU | work = Credit Union Times | date=October 19, 2011 | accessdate=October 20, 2011 | author=Digiovanni, Myriam}}</ref><ref>[http://www.cutimes.com/2011/10/10/bank-transfer-day-causes-cu-buzz "'Bank Transfer Day' Causes CU Buzz."]{{spaced ndash}}from [http://www.cutimes.com Credit Union Times]</ref> This has been a continuing observance.<ref>{{Cite web |url=https://matchfinancial.com/moneyblog/credit-unions-bank-transfer-day/ |title=Archived copy |access-date=2016-11-05 |archive-url=https://web.archive.org/web/20161105225656/https://matchfinancial.com/moneyblog/credit-unions-bank-transfer-day/ |archive-date=2016-11-05 |url-status=dead }}</ref>