ABC News: 1 Million People Move Their Money; Banks Hiking Fees Again
As "Move Your Money" caught on like wildfire, even the mainstream media got in on the story. ABC News called it a "Lightning bolt warning" to the "Goliath banks", and reports that 1 million customers have actually moved their money.
Credit
unions saw $4.5 billion in new deposits in October according to the
report, and a Seattle business owner reports that he's taking four of
his businesses and $3 million in business away from Chase and Bank of
America.
And of course, ABC
notes, the banks say that they're going to have to recoup the losses
from the customers who have left--with more fees.
Rebuild the Dream's "move your money" pledge tracker
counts 32,676 that pledged to close their Bank of America accounts on
Saturday, 4,481 Citigroup accounts, and 17,554 Chase accounts--as well
as 24,979 accounts at other big banks.
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