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Tag Archives: Debit card
Victory against big bank fees! …
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“Score one for a customer rebellion!” — that’s how Diane Sawyer announced on ABC Nightly News Friday night that big banks are backing off debit card fees after 300,000 people signed Molly Katchpole’s Change.org petition against Bank of America’s $5 debit card fee. Not only is Bank of America revising its $5 debit card fee, but big banks like Chase and Wells Fargo are publicly canceling their plans to charge their customers for debit cards. Molly’s fight against Bank of America isn’t over. While BofA is revising its fee, many customers, including Molly, would still have to pay $5 for a debit card fee even after the bank’s revisions. But, as the Wall Street Journal put it, the “big banks blinked.” Here’s what else the media is saying about Molly’s Change.org petition against big bank fees:
Dan Rather covered Molly’s petition too, saying that Change.org has become a “nerve-center for social justice the world over.” But here’s what’s most exciting: If a 22-year-old from Washington can best the biggest bank in America with a Change.org petition, think about what else is possible. Thanks for being a change-maker, – Jess and the Change.org team |
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Bank of America called …Jess Kutch, Change.org
Sign Molly’s petition telling Bank of America to cancel its $5 debit card fee
When Molly Katchpole found out that Bank of America would charge $5 a month to use a debit card, she was upset — so she started a petition on Change.org.
Since then, 225,000 Change.org members have signed her petition. And now Bank of America is under enormous pressure to cancel its new debit card fee. A Bank of America executive even called Molly and told her that while cancelling the fee would be “premature,” the bank was “closely monitoring customer feedback.”
More public pressure could be enough to push the bank to cancel its new $5 debit card fee. Can you sign Molly’s petition asking Bank of America to cancel its new debit card fee? Bank of America is listening to you — and other banks are, too.http://www.change.org/petitions/tell-bank-of-america-no-5-debit-card-fees?utm_source=action_alert&utm_medium=email&alert_id=CHuXxznbBT_bKwoXhePWu
In less than three weeks, Bank of America went from announcing a new $5 monthly debit card fee, to reeling under huge pressure from the media, Congress, and Change.org members. Here’s a quick review of what happened:
September 29: Bank of America announces a new $5 monthly debit card fee.
September 30: Molly creates her petition on Change.org; more than 150,000 people sign in the next 5 days.
October 5: The petition becomes a major national story. ABC News interviews Molly, then tracks down Bank of America’s CEO Brian Moynihan and forces him to respond to it.
October 6: Molly delivers 153,000 petitions to Bank of America and closes her account. She appears on ABC World News again to discuss the petition. Local media in Charlotte (where Bank of America is based) openly speculate that the growing controversy could lead to the firing of Moynihan.
October 9: Molly is featured in a major article in the New York Times as an example of the public’s frustration with big banks.
October 10: Bank of America executive Andrew Pepler calls Molly Katchpole to discuss her petition.
October 13: Molly meets with Congressman Brad Miller to discuss a bill in Congress to make it easier to switch banks. The two later appear on CNN together.
October 18: Molly’s petition reaches 225,000, as Bank of America reports a $6 billion profit. The outrage continues to grow.
Other banks are paying attention to the public reaction to Bank of America’s new debit card fee. Citibank even said its “customers made it abundantly clear” that they wouldn’t like a debit card fee.
What’s next in this campaign to cancel Bank of America’s $5 debit card fees? It’s up to you.
Please sign the petition demanding Bank of America cancel its new $5 monthly debit card fee. Click here to add your name:
http://www.change.org/petitions/tell-bank-of-america-no-5-debit-card-fees
Thanks for being a change-maker,
– Jess and the Change.org team
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This is the American Way ?
by ShowMeProgresson Aug 14, 2011
At a rally in St. Louis on August 12, 2011, several people with savings and checking accounts at Bank of America tried to walk into the building to close their accounts. The suits and the police they had there to back them up wouldn’t allow it.
by MacSlavoon Oct 4, 2011
more: http://www.SHTFplan.com/
From what we can gather, according to eye witness testimony, St. Louis PD has barricaded the Bank of America building and is refusing customer access to deposits.
Eye witness account:
‘They would not let me get past that barricade, where those three guys are. I talked to the liutenant of the St. Louis Police Department – and he said they [customers?] don’t have a legal right – but he was going to try to work out something, a symbolic gesture where eight people to pull out their money, I being one of them.’
He came back later and said they [BofA] will not go along with that. You will have to withdraw your money online.’
Note that the Bank of America web site has been intermittently in and out of service for the last 72 hours, making it difficult, if not impossible for customers to access their accounts.
more: http://www.SHTFplan.com/
by veksinkon Oct 16, 2011
Bank of America refusing to allow protestors to close their personal accounts
by f328owneron Oct 15, 2011
They don’t have enough money if everyone wants there cash at one time they lend 10 times what they have in bank and if you get mad they call police if you want your money
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ABC tracked down Bank of America’s CEO …Michael Whitney, Change.org
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Whoa. ABC News heard that 135,000 Change.org members signed Molly Katchpole’s petition against Bank of America’s new $5 monthly fee to use a debit card. So the network tracked down CEO Brian Moynihan and forced him to respond to the petition. (Thanks, ABC News!) The CEO was flustered and couldn’t give a coherent explanation — an embarrassing moment on national TV for the big bank (and the second night in a row that Molly’s petition was a featured story on the newscast). Bank of America is feeling the pressure from Change.org members. As more people speak out, Bank of America will be forced to cancel its new fee — and other banks will be too scared to create their own new fees. Add your name to Molly’s petition demanding Bank of America cancel its new $5 debit card fee. While you’re signing, check out the amazing video from ABC News. It’s inspiring to see one person’s petition can make a bank CEO squirm on TV! Watch it here: http://www.change.org/petitions/tell-bank-of-america-no-5-debit-card-fees Thanks for being a change-maker, – Michael and the Change.org team P.S. Good news about Cristian Fernandez, the 12-year-old being tried as an adult that I emailed about a couple days ago. His judge pushed back the hearing for one month after more than 150,000 Change.org members demanded that he be tried as a juvenile. |
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