A Friendly Reminder: Tomorrow is Bank Transfer Day
B of A may have ditched those $5 fees that initially irritated you, but that doesn't mean you should let them, or any other bank that participated in predatory lending or got bailed out with your tax money, off the hook. Unless you're a big fan of foreclosed homes or joblessness, it's time you took your money away from a big bank. Tomorrow's the day.
Bank Transfer Day isn't a radical protest movement (despite the cliched use of the Guy Fawkes mask). It's a really simple gesture that lets the banks know that their shady policies on overdrafting, lending, and gambling (which lead to money in their pockets and none in yours) aren't alright with you. Or at least, they're not practices that you'd like to be fueled with your money.
Not moving your money is like continuing to eat at a restaurant that gave you and the rest of the country food poisoning, and then got money from the government to clean up its act and then didn't, but gave a lot of money to its managers and workers but not the workers. It's time to eat at a different table.
And while it's true that these banks create jobs, they don't make nearly as many as they block from being made. By foreclosing on homes, and refusing to lend to small businesses at reasonable rates, and re-arranging the order of withdraws to increase overdraft fees, and by taking tax money and not paying it back, and by not paying taxes, these banks are harming more than they are hurting. If you don't want to be part of it, leave.
You can take your money wherever you want (though a small bank or credit union would obviously be the way to actually make this statement. Moving your money from Wells Fargo to Chase isn't going to do it.), but take it somewhere. And do it tomorrow.


