Bank Transfer Day
November 5, Wednesday
History of the holiday
The holiday was established in 2011 as a public initiative in response to the actions of major banks that introduced additional fees for debit card services. Activists and bank customers encouraged citizens to move their funds to local credit unions and smaller financial institutions. This day became a symbol of financial independence and support for local communities.
Purpose of the holiday
The main goal of Bank Transfer Day is to inspire people to make conscious choices about where to keep their money and to support transparent and socially responsible financial organizations.
Traditions of celebration
On this day, many Americans:
– transfer their accounts from large banks to local credit unions;
– discuss financial literacy and principles of responsible banking;
– participate in campaigns supporting independent financial institutions;
– share stories about their experiences on social media.
Interesting facts
– The holiday gained significant popularity during the Occupy Wall Street movement.
– After the first events in 2011, more than 600,000 Americans opened accounts in credit unions.
– The idea of the holiday emphasizes the importance of personal choice and financial responsibility in society.
Modern significance
Today, Bank Transfer Day not only reminds people of customer rights but also raises issues of fairness in the financial sector, accessibility of banking services, and the role of local organizations in the U.S. economy.
Bank Transfer Day in other years
- 2021 November 5, Friday
- 2022 November 5, Saturday
- 2023 November 5, Sunday
- 2024 November 5, Tuesday
- 2026 November 5, Thursday