Ocuppy KC Protesters Support Bank Transfer Day

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Some Occupy Kansas City protesters say they took advantage of National Bank Transfer Day. That means they closed their bank accounts and switched to credit union accounts. Protesters say if you have a debit card with a bank cut it up and throw it away.

Protesters switched from their usual location near Liberty Memorial to stand in front of a Bank of America in Westport. Some held signs while others had bullhorns. They all shared the same message that they feel banks are robbing the American people.

"It was the sort of thing that kept growing and growing over the years," said Russell Therpe who closed his bank account.
"I started out with one fee and then oh, here's another fee. It just kept creeping up and finally I was just like this is like 2 percent of the entire balance of my account sometimes and I'm tired of paying it."

"I just like what they're about generally speaking," said Dennis Michael. "They're not for profit and their main interest is in their customers."

The Credit Union National Association says in just four weeks, 650,000 people have switched over.

"A lot of referrals right now are really flooding lobbies of credit unions and 650,000 people right now have been mad at their bank, whether it's Bank of America or getting feed by banks," said Erin Williams, United Labor Credit Union.

Bank of America had tried a debit usage fee but it didn't go over well with customers. On November 1, Bank of America decided not to try it. The bank also sent out a statement saying it got awards for the best Bank for Cash and for Financial Supply Chain in North America.

Occupy protesters say it's not enough.

The Credit Union National Association says the recent shift in customers has brought more than $4.5 million in new savings accounts.

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