Big banks see backlash on Bank Transfer Day
FRESNO, Calif. (KFSN) -- A nationwide backlash took place on Saturday against big banks. People right here in the Valley closed their bank accounts and urged others to join credit unions.
The event called, Bank Transfer Day, urges bank customers to close their accounts in favor of smaller credit unions. Consumers banded together after Bank of America announced plans to charge people a $5 fee to use their debit cards. The bank dropped the proposed hike after a nationwide backlash.
Camille Russell supports Bank Transfer Day. She says, "I am starting the account here because I am so disgusted with the business practices of the major banks." Russell hopes that moving her money will make a difference.
Bank Of America would not comment on Saturday's movement. More than 80,000 people nationwide are supporting Bank Transfer Day Facebook.
bank of america, occupy wall street, business, mariana jacob
- Triple stabbing in East Central Fresno
- Pep Boys shops closed and under suspension
- Young woman dies in hit-run crash on Highway 99
- Scientists locate 19th century steamship in SF Bay
- Clovis mother writes 'It's Ok, Mama Has Cancer'
- Arraignment postponed in accidental Fresno shooting
- Man killed in rollover crash near Selma
- Massage parlor shutdown after tips of prostitution
- Merced water restrictions a step closer to reality
- Car crash knocks doctor's office off its foundation
- Small Wyoming town evacuated after gas explosion
- Trial wrapping up for ex-Clovis cop Kyle Pennington
- Memory palace: coping with chemo brain
- Valley sees progress against air pollution