Bank Transfer Day created in response bank fees, unethical practices

Thousands of bank account holders accuse large banking institutions of unethical practices and balk at new service fees. They have agreed to transfer their accounts for Bank Transfer Day.

One woman started a Facebook page titled Bank Transfer Day calling for everyone to join her on or before Nov. 5 to close their bank accounts and move their money to credit unions. She contends those institutions will not charge fees for online banking or debit card use.

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