The movement to make sure our money serves our own values rather than the bottom line of huge banks will only gain energy as small victories accumulate.
November 4, 2011
On Oct. 9, Kristen Christian, a 27-year-old art gallery owner in Los Angeles, created a Facebook page urging her friends to move their money out of the big banks on Nov. 5. The suggestion hit a nerve. By Nov. 4, 77,015 “friends” had declared their intention to “attend” Bank Transfer Day.
That doesn’t necessarily mean that 77,015 people will be pulling all their money out of the likes of Chase, Citibank, Wells Fargo and Bank of America all at once. Saturday is hardly an ideal day to get banking business done, and the process of switching over one’s account to a new bank or credit union is not something that can be accomplished — yet — with a flip of a switch. (Detailed advice on how to change your banking account can be found here.) And of course, clicking your intent to do something on Facebook is a far cry from actually, well, doing it. READ MORE
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