The entire world is held in a stranglehold by the Big Banks, by Big Oil, and by the so-called “Defense Industry”.

Fortunately, there are steps we can take to reclaim control of our lives, money, and governments.

The growing Occupy Movement (as exemplified by Occupy Wall Street and Occupy Together, as well as the likes of Occupy Oakland) represents a push to take these steps.

It’s a marathon, not a sprint.

However, there are things we can do in our everyday lives to begin this journey. For example, you can take your money out of the hands of the Big Banks and put it into a community bank or a credit union. Making this easy for you is the objective of the Move Your Money campaign.

Why not start today?

Poll Shows BofA Retail Clients ’Least Satisfied’

by Hugh Son

BofA ‘Should Be Worried’ as Clients Mull Leaving

Emmanuel Dunand/AFP/Getty Images

A man uses an ATM at a Bank of America branch in New York.

A man uses an ATM at a Bank of America branch in New York. Photographer: Emmanuel Dunand/AFP/Getty Images

Bank of America Corp. (BAC) retail customers are the least satisfied among clients of the biggest U.S. lenders and the most likely to defect to competitors, according to a Harris Interactive poll.

Nine percent of people with Bank of America accounts were “not at all likely” to continue to use the Charlotte, North Carolina-based lender, the survey, scheduled to be released today, shows. That is triple the rate of JPMorgan Chase & Co. (JPM) customers and 50 percent more than Wells Fargo & Co. (WFC)

Bank of America, the second-biggest U.S. lender by deposits, angered some customers when it announced plans to charge $5 a month for debit-card use. The firm dropped the fee this week after JPMorgan, the biggest bank, and No. 3 Wells Fargo abandoned the tactic. Other new fees, including those for checking accounts, may push clients to credit unions, said Carol Gstalder, an executive vice president at Harris Interactive.

“Our data says that banks absolutely should be worried,” Gstalder said yesterday in an interview. “People know banks are looking for new ways to make up the revenue gap. This may be the start of a tipping point where long term, we may see numbers of people making a move.”

The results highlight challenges that lenders, especially Bank of America, face in retaining customers. Ten percent of the firm’s clients surveyed were “not at all satisfied,” compared with 2 percent for JPMorgan and 7 percent for Wells Fargo. When asked how valued they felt, 42 percent rated Bank of America as “fair” or “poor,” compared with 30 percent for both JPMorgan and Wells Fargo.

‘Values and Ethics’

Anne Pace, a Bank of America spokeswoman, declined to comment. Richele Messick of San Francisco-based Wells Fargo and JPMorgan’s Kristin Lemkau didn’t reply to e-mail messages seeking comment on the poll results.

Bank of America Chief Executive Officer Brian T. Moynihan, who took over last year, has said the bank’s approach must be grounded in “values and ethics” when dealing with clients.

“The best decisions are the ones that go beyond our own narrow self-interest,” Moynihan, 52, said at a prayer breakfast in Atlanta last month, according to remarks posted on the company’s website. “We have to be responsible for the full effects of our decisions and the influence they have on people, the economy and society.”

Credit Unions

At least 650,000 people joined credit unions since the Sept. 29 Bank of America announcement on debit fees, the Credit Union National Association said today in a statement. That equals the new membership figure for all of last year, said Patrick Keefe, a spokesman for the Washington-based trade group. The lenders took in $4.5 billion in new savings accounts in the past five weeks, the group said.

Credit unions, which are not-for-profit and owned by members, had the best scores in the Harris survey, with no respondents saying they were highly dissatisfied. More than 70 percent of credit union users were highly satisfied, compared with 27 percent for Bank of America, 31 percent for JPMorgan and 34 percent for Wells Fargo.

Consumers have dubbed Nov. 5 “Bank Transfer Day,” an effort among users of social media to move deposits to credit unions. Online conversations about banking surged last month after the Bank of America announcement on debit fees, Gstalder said. Harris Interactive tracked respondents’ Facebook Inc. and Twitter Inc. usage, she said.

Harris Interactive, a market research and polling firm based in New York, queried 2,463 adults online between Oct. 10 and 17. The poll was the first by Harris that asked respondents about specific banks, Gstalder said. The company said it couldn’t estimate an error margin for the survey.

To contact the reporter on this story: Hugh Son in New York at hson1@bloomberg.net

To contact the editor responsible for this story: Rick Green at rgreen18@bloomberg.net

Original post on bloomberg.com

39 Responses to “Move Your Money: The Good News”

  1. Also, no one would care if you’re proud of your heritage, like being Irish, French, whatever. I’m not 100% European heratige, but I’m still blonde and blue-eyed.

  2. There is a critical shtorage of informative articles like this.

  3. “Greenstreet is also the proud creator of the website, Hot Chicks of Occupy Wall Street. He was watching news coverage of the Occupy movement that inspired him to tell a friend,

    Wow, seeing all those super hot chicks at the protest makes me want to be there… Hmmm… Yeah, let’s go with that.

    We instantly went to Tumblr and made [Hot Chicks of Occupy Wall Street]. Our original ideas were admittedly sophomoric: Pics of hot chicks being all protesty, videos of hot chicks beating drums in slow-mo, etc. But when we arrived at Zuccotti Park in New York City, it evolved into something more.

    There was a vibrant energy in the air, a warmth of community and family, and the voices we heard were so hopeful and passionate. Pretty faces were making signs, giving speeches, organizing crowds, handing out food, singing, dancing, debating, hugging and marching.”

  4. Shocking new documentary highlights the Occupy Wall Street movement and reveals the global agenda to destroy 90 percent of the world population.
    The controversial film documents how the global elite choose presidents, perform occult rituals, plan population control, and manipulate the economy. The film features an exclusive interview with late FBI Senior Special Agent-in-Charge Ted Gunderson who describes government sponsored kidnappings, mind control and satanic ritual abuse.

  5. if you have a bank of america account, try speaking in different accents and let me know if it does not work

  6. LOS ANGELES (AP) — Occupy Wall Street protesters who defied a deadline to remove their weeks-old encampment on the Los Angeles City Hall lawn stood their ground Tuesday as they faced over when or if police would push them out of the park – and if an eviction could happen without the kind of violence that has engulfed the removal of protest sites in other cities….

  7. If there is any gold in there, the “fed” reserve stole it. They have been loaning out fake $ for nearly 100 years and collecting real assets (gold and silver) in interest payments. That is why we no longer use gold and silver as our money supply. By 1971 there was so little gold & silver left in the money supply it was not viable to base our money on it. Banks create money from the PRINCIPAL of loans, then collect PRINCIPAL + INTEREST. The gold&silver was used to pay the interest.

  8. outt likaru says:

    , Dec. 12, 2011 (Reuters) — The owners of Major League Baseball’s New York Mets received a $40 million (25.65 million pound) loan from a major bank that a source identified as the Bank of America, the New York Times on Monday. … > read full story

  9. eefell schule says:

    BofA mulls more asset sales to boost capital: Bank of America’s shares are down 58 percent this year and closed …

  10. MY experience with BofA, painful as it has been, proves the right hand has NO idea what the left hand is doing within the organization, basically, they are a train wreck of greed, corruption, and incompetence

  11. First major mental-block with the Move Your Money website. While HTML5 is killing off most of my problems, it just caused a DOOZIE

  12. movement in india against corruption is not at all similar to occupy wall street. occupy wall street is trying to arrive at new forms of decision making, they are trying to discuss root cause issues and take a strategic action. the movement in india is based around one solution to a problem of massive corruption within the government-corporate matrix. the solution proposed is within the current political matrix. you might want to read her in the hindu for details.

  13. nor dreta says:

    Joe Rogan, George Carlin, Ron Paul, Bernie Sanders, JFK, & Hunter S. Thompson weigh in on OCCUPY WALL STREET –

  14. kom carrio says:

    Allocate. It’s a mystery why so many keep their money parked in big banks that bleed them dry/ Move your money bank

  15. Occupy Wall Street Stages Demonstration at Calvin Klein Only a handful of individuals showed up at the fashion show T

  16. wiv all dos Why do I luk lky Bank of So wont giv me som of her plenty dollars :$

  17. Occupy Wall Street says its General Assembly never approved the national convention and plans for it “blatantly contradict” the movement’s autonomous principles.

  18. maudoui l'ecuchim says:

    Who REALLY runs our world? search “israel Did 911 All Proof in the World” and search “ZionCrimeFactory” for proof.
    w(dot)zioncrimefactory com/jew-world-order SPREAD THE TRUTH!

  19. matlericon says:

    Chase Bank settles civil fraud suit.. JPMorgan Chase has settled a civil fraud suit for just over 153 million which was a result of misleading buyers just before the big collapse.To the average individual this sounds like a lot of money but considering JPMorgan showed a net income in 2010 of over 17 billion dollars I find it…

  20. wedelier says:

    The worst possible way to wake up is from the email from bank of America saying your account is negative $200. Not a great

  21. Bank of America has made it 10x easier to sale your home. If you have a upside down BofA loan on your house…

  22. I’m finally moving my money out of Bank of America into a credit union and online bank. Feels good. Suck it BofA. Real hard.

  23. ang saadiak says:

    Occupy Wall Street’s union square presence this morning was just one super lonely looking dude. And a trillion cops, of course.

  24. hard asmurai says:

    ” May Day: A Strike Is a Blow: As the momentum that originated with Occupy Wall Street tapers of… ” – Crimethinc. –

  25. dalbachten says:

    I don’t get how people can be anti-bank (rightly so!) yet still use the worst offenders. Move your money – there are so many alternatives!

  26. haday yassene says:

    Move your money to a local bank or credit union. We bailed out and they still suck, time to close them down.

  27. tafinmacdo bennah says:

    RT Want to move your money from a bank to a credit union but are not sure how. Here is a helpful checklist!
    http://twitter.com/incogni

  28. mabu tricara says:

    I can’t be carrying over a $100 dollars on me , my cousin gotta take me to bank of America ASAP !

  29. When you keep your money in a local financial institution, that money in turn is reinvested in local businesses, which is for building a stable economy and encouraging local growth. Put your money in the big Wall Street banks however, and they will use your deposits to make risky investments, gambling at the expense of the economy as a whole.

  30. theroni says:

    i still havent cashed my thing yet 0.o lol bank of america tried to charge me $6 den the girl was like go to stop n shop.

  31. donnefeld maziah says:

    And so, if the attorney been hired, this home would have absolutely been stolen by US Bank and/or Bank of America.

    And the propaganda machine would have us all believe that the borrower deserves such a fate because she probably paying US Bank/Bank of America. But, darn it all, US Bank/Bank of America have the right to collect payments, let alone foreclose!

    ForeclosureHamlet.org

  32. zugalkovis adamboens says:

    clown possie no more an Gang than JpMorgan or Chase Bank of America.Just don’t have the buying leave Juggalows alone –

  33. andesbanau says:

    All the govt. can do is move your money around.They create NO new wealth.In fact,they DESTROY wealth.They are playing a shell game. –

  34. kijander dzill says:

    Sooo Apparently according to everyone I was at Bank of America today? Swearing they seen me..Tf? No I wasn’t lmao

  35. palackiews her says:

    Any day in which you move your money from big banks to a credit union is a good day –

  36. sydner brenpon says:

    We Can’t Fight Wall St. Greed While Funding it. Move Your Money Out of the Bank & Join a Credit Union –

  37. LONDON — Investment banks including Nomura and Bank of America Merrill Lynch are hoping to woo potential buyers for the Financial Times with a 1 billion ($1.6 billion) deal, the Daily Telegraph …

  38. gailisser leto says:

    One of the ladies from bank of America was so nice tsk me on the phone. I could’ve talked to her for days. Lol

  39. jit nopf says:

    Within the next 31 days, 4.2 million homeowners who suffered abusive foreclosure tactics at the hands of some of the nation’s largest banks will be notified of their compensation, banking regulators said Thursday.

    The Federal Reserve and Office of the Comptroller of the Currency issued the final details of a sweeping $9.3 billion agreement with 13 servicers, including JPMorgan Chase, Citibank and Bank of America, under consent orders for fraudulent and flawed foreclosure practices.

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