Home > Occupy Wall Street > Happy Bank Transfer Day!

Happy Bank Transfer Day!

I suppose technically it’s on Saturday and not today but still….

Bank Transfer Day is another of those ideas cooked up by Occupy Wall Street.  It is designed to encourage all bank customers to transfer their entire financial relationship to credit unions.

I can see why they want people to do this considering how evil banks are (sarcasm!).  I imagine banks we’ll see some outflow in assets related to this but certainly not enough to move the needle.  If you’re like me, you’ve got things like online bill pay, payroll direct deposit, automatic bill pay and ATM cards already set up with your current bank so undoing all of that and reestablishing a relationship with a new place is almost more work than it’s worth.

If you do plan on moving your bank accounts, have fun!

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