Poll: Will you Move your Money Out of a Large Bank?

November 5 has been designated Bank Transfer Day. Let us know in the poll below this story if you'll be moving your money. 

Bank Transfer Day is a largely social media-driven push that encourages consumers to move their money out of banks and deposit it in credit unions by November 5. It’s not officially linked with Occupy Wall Street or , but the gripe and motivations are similar. From the Huffington Post:

Consumers are tired of relying on big banks that they argue take advantage of them through lending practices and fees. Though the push for the bank transfer movement began with Kristen Christian, a 27-year-old Los Angeles-based entrepreneur, Occupy Wall Street protesters have become some of the most visible supporters of Bank Transfer Day, allowing them to drive the conversation surrounding Saturday's deadline.

The idea is that banks like , , and others were the main institutions behind the financial collapse. The fact that they were eventually bailed out only fanned the flames. 

Bank of America recently announced a plan for $5 debit card fees, angering a whole new sector of customers. They took a ton of heat, and then . 

That brings us to November 5, Bank Transfer Day. Here is a more in-depth description. Vote in our poll and tell us why you are or are not moving your money today. 

Share this poll with friends and like Davis Patch on Facebook to help report on the local effects of Bank Transfer Day in Davis.