Where To Open An Account on Bank Transfer Day

Have you heard about the National Bank Transfer Day yet? Basically it is a movement that is gaining a lot of steam that is designed to protest the fees and practices of big banks. As the name suggests, many frustrated consumers will be leaving their large banks and it is all happening this Saturday November 5th . Believe it of not, the movement wasn’t spurred on by the Occupy Wall Street movement (according to their Facebook page), but rather it is just another public burst of frustration with the greed of big banks. Where to open an account? So the big question that many are going to be asking themselves as they close their accounts – now where should I open a bank account? 1. Credit Unions I have long been an advocate of local credit unions  since they are not-for-profit organizations. If you can find a big enough one (read: how to choose a credit union ) it may just have all of the features of some of the biggest banks, while not having the pressure to generate profits from shareholders that all the big banks have. 2. Smaller Banking Institutions PerkStreet Financial As many of you know I now primarily do all of my banking using my PerkStreet Cash-Back Rewards debit card . PerkStreet is a pretty small online banking operation with only about 25 employees and they have a mission to fight against the corporate greed of the big banks and to do what is right (and best) for customers. The big selling feature is that their DEBIT CARD pays 2% cash back! While I have occasionally seen some of the best rewards credit cards pay that much, I have never found a debit card that comes even close to that. Over the last year banking with them that has yielded my over $700 cash back. In addition to that great perk, I feel like I have gotten to know the heart and soul of these guys pretty well. I have had numerous conversations with the CEO and many of their employees and I can attest that this is a company that is working hard to maintain a “small-bank feel” while questioning how things have been done in the past. You can find out more about them here . Your Local Bank If online banking isn’t for you and you want that face-to-face connection, search out a local bank in your area that you can transfer your account to. Having worked 3 years in a local bank, I know there are still a lot of them out that haven’t made profitability their only focus, like so many of the big banks. Photo Credit: Brinkstock | Shutterstock Are you going to be taking part in the National Bank Transfer day?    Related Articles: 2% Cash-Back Rewards Debit Card Reviewed How to Earn Over $700 from Your Banks Each Year Where should you open an online bank account? $25 Bonus For Opening PerkStreet Account National City offers $150 gift card to open a checking account Switching Banks? Things To Remember We’ve Earned $73/month Cash-Back From Our Debit Card Bob enjoys dark chocolate, paying off debt, giving, Foosball, loose-leaf tea, helping people succeed, learning, anything God created, playing guitar, doing things the “long” way, Philippians, excellence, Chick-Fil-A, and making his wife smile. He started ChristianPF in 2007 and Co-Founded Blogging Your Passion in 2011. Find him on Facebook & Twitter . The articles on this site are for entertainment purposes and should not be taken as financial advice. Please contact a financial professional for specific advice regarding your situation. Also, many of the CPF articles help us pay the bills by using affiliate relationships with Amazon, Google, eBay and others. Find out more here .

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Where To Open An Account on Bank Transfer Day

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