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Bank Transfer Day

Better Banking Through Transparency: How Communities and Consumers Can Monitor and Grade Bank Practices

Ray Brescia | Posted 09.10.2013 | Business
Ray Brescia

Communities across the country can easily utilize a CIRC system for assessing the banks that serve them.

Catherine New

Why There's A Waiting List To Get This Checking Account | Catherine New | Posted 05.24.2013 | Small Business

At many big banks, customers say they want out. But with Simple, a new kind of free online checking account, there is a two-week waiting list to get i...

The Enemy of My Banker Is My Friend

Jerry Ashton | Posted 04.23.2013 | Politics
Jerry Ashton

From the look of things, entering its "terrible twos," OWS is still working through a learning curve on this. If it doesn't manage to find common ground with other activists, this may be a cautionary tale for protests groups in the U.S. and throughout the world.

It's Time to Make It Easier to Move Your Money

Pamela Banks | Posted 01.23.2014 | Money
Pamela Banks

Consumer frustration has only grown in the year since Bank Transfer Day as bank fees have continued to rise. It's time to make it easier for consumers to move their money so they have a real choice when it comes to where to bank.

4 Lessons From Bank Transfer Day

Fred R. Becker, Jr. | Posted 01.23.2014 | Business
Fred R. Becker, Jr.

The lessons from this event underscore some of the rules of business today -- rules that echo basic tenets of trust and good, old-fashioned customer service. Simply put, customer relationships do not begin and end at the transaction.

Bank Transfer Day One Year Later: Yes, It Worked!

Bill Cheney | Posted 01.23.2014 | Business
Bill Cheney

Many credit unions today offer the services, access and convenience of large banks, but in a decidedly consumer-friendly way, and with the kind of roots in their local communities that comes from being member-owned cooperatives.

Credit Unions: Still the Best Bet for Consumers

Fred R. Becker, Jr. | Posted 12.12.2012 | Money
Fred R. Becker, Jr.

What are some of the other advantages of credit unions? People before profits. At credit unions, members are owners and have a say in how it is operated. The "profits" go to members in the form of lower fees and better rates.

Bank Of America Just Lost A $170 Million Customer

The Huffington Post | Alexander Eichler | Posted 08.09.2012 | Business

Bank of America may have millions of customers, but the government of Brockton, Mass., is no longer one of them. Brockton is divesting its municipa...

Catherine New

Credit Unions Can Thank WaMu For Kicking Off Bank Exodus | Catherine New | Posted 08.02.2012 | Money

Long before Occupy Wall Street protesters were doling out Big Bank Haterade, Main Street customers were steadily moving their money out of banks and i...

Catherine New

Americans Love Convenience More Than They Hate Bank Fees | Catherine New | Posted 06.21.2012 | Money

Have you ever paid slightly more in ATM fees just because you were too lazy to cross the street to visit a bank with cheaper rates? You're not alone. ...

Read This Before Joining A Credit Union

The Huffington Post | Khadeeja Safdar | Posted 05.10.2012 | Money

Credit unions have seen a rise in membership as big banks have come under scrutiny for their never-ending profit-making measures. While the Occupy...

Zach Carter

'We'll Fight This To The Death': The Vicious Capitol Hill Battle Between Banks and Credit Unions | Zach Carter | Posted 03.22.2012 | Politics

WASHINGTON -- In early February, Alabama Republican Spencer Bachus called for a meeting between two of the most quietly influential interest groups in...

Giving Up Your Bank for Lent

Michael Winship | Posted 05.15.2012 | Money
Michael Winship

On Ash Wednesday, churches in San Francisco announced they were removing $10 million from Wells Fargo and called on the bank "to put an immediate freeze on its foreclosures and repent for their misconduct." The effort is part of several national campaigns to get consumers and community groups to remove their money from the big banks and transfer accounts to credit unions and smaller financial institutions. We're told that the banks, desperate when thrown a lifeline by taxpayers in 2008, are now stronger and better able to weather a crisis than they were. And yet, they continue to scream in protest and lobby on Capitol Hill against the ignominy of reform. Simple greed -- hey banks, how about giving that up for Lent?

Digging Below the Surface of Membership Growth at Credit Unions

Bill Cheney | Posted 05.14.2012 | Money
Bill Cheney

More than 1.3 million people joined credit unions in 2011. The gain is strong evidence that consumers are fed up with high bank fees and are leaving in large numbers for credit unions. But when you dig a bit deeper into the numbers, the results are even more significant.

Churches To Big Banks: We're Mad As Hell

The Huffington Post | Jillian Berman | Posted 03.12.2012 | Business

For lent this year, some will inevitably give up the usual guilty pleasures like chocolate or meat. More than a few churches are taking a decidedly di...

Big Banks Fee-Grab, While This Other Business Booms

The Huffington Post | Catherine New | Posted 03.02.2012 | Money

Credit unions are booming as big banks take increasingly desperate measures to make money off of consumers. Membership in credit unions more than ...

Want To Ditch Your Bank? You're Far From Alone

Reuters | Posted 04.28.2012 | Business

Feb 27 (Reuters) - Nearly 10 percent of customers of U.S. banks moved their accounts last year, often after they became frustrated with fees and the...

Catherine New

Citibank Gets The Message: 'Start Serving Clients' | Catherine New | Posted 01.27.2012 | Business

Big banks are realizing they may actually have to pay attention to customers to keep them. An unprecedented number of people dumped billion-dollar ...

Let's Move it All!: Why Universities and Other Institutions Should Participate in Bank Transfer Movement

Caitlin Dally | Posted 02.11.2012 | College
Caitlin Dally

My university and many other Jesuit institutions uphold a great standard in their commitment to fighting for social justice. Is investing in corporate banks, which foreclose on families who they purposefully target with sub-prime mortgage loans, socially just?

Catherine New

Balance Transfer Day Is Not What It Seems | Catherine New | Posted 12.07.2011 | Business

Balance Transfer Day is not what it seems. The seemingly grassroots movement, which piggybacked on the success of November's Bank Transfer Day, is ope...

Catherine New

Balance Transfer Day Could Be Boon For Banks, Bust For Customers | Catherine New | Posted 12.01.2011 | Business

In an attempt to ride the recent wave of antibank sentiment fomented by November's Bank Transfer Day, a 35-year-old freelancer from Brooklyn, New York...

Big Banks Slated To Lose Billions In Customer Cash Over Next Year: Report

Posted 11.21.2011 | Business

Big bank interest in netting a profit on the backs of customers may end up backfiring. The top 10 retail banks are projected to lose $185 billion ...

A Massive Positive Impact Potential: 5 Reasons Colleges and Universities Should Move Their Money

Zoe Mendelson | Posted 01.18.2012 | College
Zoe Mendelson

By keeping their massive endowments in big banks, colleges inherently support the behaviors of those banks and everything those banks invest in. And those things happen to constitute the seeds sowed from which we now reap this crisis.

The 99-99-99 Plan

Carolyn Kay | Posted 01.15.2012 | Chicago
Carolyn Kay

Neighborhood credit unions could become an alternative to big banks for Chicago residents, if Second Ward Alderman Bob Fioretti is successful in passing an ordinance he introduced yesterday.

Balance Transfer Day -- A New Bank Protest Set for December 11

Attiyya Anthony | Posted 01.15.2012 | Business
Attiyya Anthony

In addition to high interest rates, protesters are reforming against misleading introductory offers.