Posted 11 years ago on Oct. 31, 2011, 2:29 p.m. EST by WarmItUp
This content is user submitted and not an official statement
When people ask what good is this movement doing you can now point to our most obvious success to date which affects the most people. In anticipation of National Bank Transfer Day on nov. 5. All of the major banks are reversing their policy on the $60 a year debit card fees. This is the most visible way so far that OWS has made corporations change thier policy. This should be motivation enough for us to continue focusing on specific policies that are non-partisan. This worked because all political ideologies could get behind the ridiculous greed of these banks to charge us to use our own money. I would still consider moving your money to credit unions but it is nice to have some affirmation that our movement is making real change. Pick a policy that is non-partisan and focus in on it like we did with bank fees, you will see almost overnight change. It should be noted that Regional Financial Corp. is the only large bank still charging these fees. While BOA hasn't officially dropped fees (they need a little more pressure) they have started offering options to avoid fees such as direct deposit which most people do anyway.
Here is the latest bank to reverse fees http://www.sacbee.com/2011/10/31/4019654/suntrust-latest-to-reverse-5-monthly.html