NOVEMBER 5TH, 2011
don't accept what banks are doing with your money.
Open an account with a Credit Union. they are easy to deal with, they give you interest on all accounts. they don't charge excessive fees, and are willing to extend loans more readily than mainstream banks.
• Transfer your funds to the new account (online or in person) by 11/05
• Follow your bank's procedures to close your account
To find a credit union near you: http://www.findacreditunio
Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions on or by this date, we will send a clear message and give the 1% a taste of the fear that we experience every day when we aren't able to pay for our rent, food, medication, utilities, student loans, etc.
HOW CAN YOU HELP?
• Invite your friends
• Post to your timeline
• Post to your local occupation movement's FB page
• Print flyers
BANK TRANSFER DAY- FACEBOOK
LOGO:
http://www.facebook.com/ph
FLYERS:
http://www.facebook.com/ph
http://www.facebook.com/ph
WHY ARE WE BOYCOTTING?
The Durbin Amendment is an add-on to the Dodd–Frank Wall Street Reform and Consumer Protection Act (Public Law No. 111-203), signed into law by President Barack Obama on July 21, 2010. The Act allows the Federal Reserve to regulate debit card interchange fees of banks with over $10 billion in assets. Over the summer, the Fed released the final rule on the matter by limiting debit card interchange fees to a maximum of 21¢ per transaction.
In response, these "major banks" have decided that beginning early 2012 any consumer with less than $20,000 in combined accounts will be charged a monthly $3-5 fee if they use their debit card at any point during the month. This is a blatant attack on the 99% that cannot & will not be tolerated. In a stand of solidarity, on November 5th we will transfer our money &; close our accounts with these major banking institutions to take our business to credit unions (or local banks if a credit union isn't available). Since #OccupyWallStreet began, these banks are donating our money (and money they've made with our money) to law enforcement agencies to heap abuse on our brothers & sisters who have been protesting.
DO NOT ACCEPT THIS ANY LONGER.
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