Should people who are tired of paying extra fees be allowed to close their bank accounts in protest? One Bank of America official reportedly doesn't think so.
According to Addicting Info, two women involved with the Occupy Santa Cruz movement in California walked into a Bank of America branch earlier this week and attempted to close their bank accounts. In response, the bank manager threatened to lock the doors and call the police on them. Her reasoning? You can't be a customer and a protester at the same time, the manager said.
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Even with most credit unions closed for Columbus Day there was plenty of online buzz, and uncertainty, about what the credit union industry role might be on “Bank Transfer Day,” the latest event surfacing from the “Occupy Wall Street” protests.
Industry sources, speaking off the record, suggested any wholesale switch from large banks to CUs on Nov. 5, the day designated by one Californian and carried atwitter Monday, could conceivably put net worth ratios out of whack.
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