Bank Transfer Day Press Release

Bank Transfer Day Press Release

Postby laurenasprooth » Tue Nov 22, 2011 8:34 pm

November 2, 2011

Contact:, @OccupyEugene

Support Bank Transfer Day—Put Your Money Where Your Morals Are

Occupy Eugene will be hosting a Bank Transfer Day rally this Saturday November 5th at 11:00am in the Free Speech Plaza (8th & Oak) and then a March at 12:00pm visiting the local large corporate financial institutions.

Local Credit Unions have already reported a surge in new accounts as a result of the anti-corporate bank movement associated with Occupy Wall Street movements around the country. Occupy Eugene and other groups such as the Service Employees International Union Local 503 and Eugene Springfield Solidarity Network have been holding regular protests at corporate banks in Eugene, such as Bank of America, Chase, US Bank, and Wells Fargo.

Hundreds of local people have pledged to close their accounts at for-profit big banks and move their money to not-for-profit credit unions and community banks on or before November 5th. Many local credit unions are planning to be open for business on Saturday to accommodate potential new members.

We encourage everyone in Eugene to support local businesses that are committed to our community by transferring your money to a credit union or a smaller community bank by November 5th. It may be that some credit unions will not allow people to transfer funds if there is existing debt however other community banks may have lower thresholds.

Please see below for links to more information and a contact list of local credit unions and community banks. Also, make sure to check out the Move Your Money website ( for more general information.

Fact Sheet on Why You Should Move Your Money
Local Credit Unions & Community Banks

-Occupy Eugene Communications Committee

This press release has been approved by the General Assembly of Occupy Eugene

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Joined: Sat Nov 12, 2011 7:48 pm

Re: Bank Transfer Day Press Release

Postby janetaylor » Thu Feb 09, 2012 8:56 pm

I heard about this! Several months ago, an online campaign for “Bank Transfer Day” began, which aimed to convince people to switch their banks. As far as I know, the event itself wasn’t incredibly successful, but it is estimated that more than 1 million people switched banks after Bank Transfer Day. See this link:
Bank Transfer Day accounted for few bank transfers last year. Moreover, Javelin asked the reason behind why people switched, in a survey that was part of the study, finding that 26 percent of respondents didn’t switch because of any social campaign, just the fees themselves. Well, if the $5 monthly debit card fee will be removed, then I believe the bank transfers will taper off or will shun from aggrandizing. What do you think?
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