BankTransferDay

Fee Backlash Cost Big Banks Over 2 Million Customers

Switching banks is a hassle, but outrage over the big financial institutions' efforts to pile on new steep fees pushed more than 2 million people to close their accounts over the past 3 months. Is Bank Transfer Day becoming Bank Transfer Year?

Send Credit Card Banks a Message, and Save Money

Remember Bank Transfer Day? Well, mark your calendar: Dec. 11 is being publicized as "Balance Transfer Day," with Americans urged to transfer their credit card balances from high-interest cards to low- or no-interest ones.

The Long-Term Relationship You Just Can't Quit

For all the anti-bank anger erupting across the country, relatively few of us are actually parting ways with our significant financial institutions because of it. In the past six weeks a mini bank-run sent 700,000 new customers to credit unions. But that's hardly noticeable on the scale of all U.S. banking customers.

Bank Transfer Day: Small Protests, Big Changes

Did Bank Transfer Day work? Over the weekend, many Americans came out to protest big banks, and while there's no hard data yet to gauge the day's impact, credit unions around the country are reporting a continuing upsurge in interest. And the protests don't appear to be fading.

Resentment Builds Ahead of Bank Transfer Day

On Saturday, tens of thousands will march, protest and move their money out of big banks. But plenty of Americans haven't waited for Bank Transfer Day. For Frank Sheldon of Seattle, his journey to a credit union started in 2008 when his old bank was absorbed by J.P. Morgan Chase.

Will Bank Transfer Day Be a Real Win for Credit Unions?

Like some other recent revolutionary movements, Bank Transfer Day had its genesis on Facebook. But can this grassroots rebellion against the nickel-and-diming of the big banks actually accomplish anything, and how much will the nation's credit unions really benefit?