Facebook Users Post Support For Bank Transfer Day

Some 46,082 people like a Facebook page asking folks to transfer their money from banks to credit unions by November 5.

Some 46,082 people like a page asking folks to transfer their money from banks to credit unions by November 5.

The page indicates that 13,892 people on Facebook are talking about so-called Bank Transfer Day as of this writing.

While the name of the movement seems almost like a synonym of Occupy Wall Street, the Bank Transfer Day page explains that the two are separate movements. The latter supports the former but wasn’t inspired by it.

Here’s how Bank Transfer Day explains itself on the page’s information tab:

Mission: Re-invest in our local communities through the transfer of funds from big banks to credit unions.

Together we can ensure that these banking institutions will always remember the 5th of November. If we shift our funds from the for-profit banking institutions in favor of not-for-profit credit unions before this date, we will send a clear message that conscious consumers won’t support companies with unethical business practices. It’s time to invest in local community growth!

• Research your local credit union options
• Open an account with the one that best suits your needs
• Cancel all automatic withdrawals & deposits
• Transfer your funds to the new account
• Follow your bank’s procedures to close your account on or before 11/05

Readers, have you seen any posts about Bank Transfer Day in your news feed.