Bank Transfer Day(United States)
Bank Transfer Day is a grassroots campaign on November 5 in the United States that encourages consumers to move their money from large banks to credit unions.
Launched in 2011 as part of the Occupy Wall Street movement, Bank Transfer Day invites individuals to close accounts at big banks charging high fees and open accounts at local credit unions.
The event highlights issues of banking fees, corporate practices, and financial inclusion.
Participants share stories and resources online, creating a collective push for more ethical banking options.
Credit unions and community banks often waive fees and offer member-focused services in response.
Though initially a social media-driven initiative, Bank Transfer Day sparked ongoing discussions about financial empowerment and consumer rights.
Many credit unions saw a surge in new account openings in November 2011, demonstrating the campaign's impact.
Bank Transfer Day
United States