On 'Bank Transfer Day', Local Banks Extend Their Hours And Offer Savings
This Saturday, November 5th, is Bank Transfer Day Day, the day thousands of Americans will stand up together and take their money out of the Vampire banksthat destroyed the economy and then reaped the benefits of disaster. To facilitate the switch, made easy by this article, local banks and federal credit unions are opening their doors on Saturday (when many are typically closed) and even offering special promotions as a thank you. Some examples of the give-aways include entry into awesome raffles (to win an iPod 2 or $500, for example) and some money in the bank, just for opening an account. Doesn't sound very Bank-of-America-like, does it?
The Move Your Moneymovement is growing, rattling the big banks, and has already encouraged them to throw a couple bones to their customers -- in a very sneaky way. JP Morgan Chase and Wells Fargo, among others, decided not to follow in Bank of America's big, sleezy foot steps and charge $5 monthly debit card fees, and Bank of America itself has finally decided against the ridiculous charges as well. But the fees, though ditched, will probably show up elsewhere.
See a full list of banks and special "Bank Transfer Day" offers here.