Bank Transfer Day – November 5th

Remember, Remember, the 5th of November.

This November 5th, the nation will take action against the “Too Big To Fail” mentality.  Bank Transfer Day was started as a direct action against excessive banking fees despite record profits for shareholders.  The idea is simple.  Move your money from a Federal Reserve sponsored bank and into a locally owned credit union.

Why a Credit Union?  For one, they are not-for-profit and member-owned banks, which means they do not have corporate shareholders to answer to.  Profits go to back to the members, to the community, or back into the bank in the form of improvements.  Credit Unions are also regulated, and can only accept members of a specific group or community.

Occupy Reno will join in solidarity and assemble at City Plaza (Ice Rink) at 9am Saturday November 5, 2011.  Once we have all gathered we will make a decision on whether to split up and go to separate banks, or to go as one big group to each bank.  Some occupiers will be passing out flyers, generating awareness.  Others may take action in the form of closing an account with the big banks.

There are Credit Unions in the area that have expressed support.  Great Basin Federal Credit Union for example will be hosting an account opening session during extended hours.  They will be open from 9am to 12pm as usual, but will be staying open until 3pm for anyone wanting to open a new account.

“We would love the opportunity to show you the credit union difference. If you’re looking to move your account to a local and member-owned not-for-profit financial cooperative, then we are ready to help make that process easy for you.  There’s no need to wait until November 5th to make the change; our personable and knowledgeable branch staff is ready to meet you today.  However, if you do want to be part of the great “Bank Transfer” revolution, we’ll be ready for you on the 5th too.”

Join us this Saturday.  Peacefully stand with us in solidarity as we show the big banks that “Too Big To Fail” only means that it is harder to fall when they do.  They have always feared a run on the money.  Lets put a little fear into them this November 5th.

2 responses to “Bank Transfer Day – November 5th

  1. I have a “big bank” and I love my bank. I get exceptional service so why would I change? I respect everyone’s opinion but please do your research before you look ignorant. Most people cannot even articulate why they are protesting. Maybe you should contact your congressman and get angry with the government that regulates your bank.

  2. Has anyone reached out to the local credit unions and banks to help support the stand and provide applications and booths for people to transfer on the spot?