Transcript for Bank Backlash: 'Move Your Money'
And now -- politicians may not have taken bold action but tonight Americans are ABC news has learned that as of today. One million American consumers are hurling a lightning bolt warning at the big banks moving their money -- in protest. As we've reported the Goliath banks did an about face abandoning plans for those five dollar fees on debit cards but other fees have been creeping up. And a lot of Americans are saying we have another option ABC's Matt -- has been on this story for weeks and brings us the news tonight. The big banks may have retreated -- those five dollar debit fees. But hundreds of thousands of Americans are on the march outraged at all the other fees for overdrafts even using the -- That means across the country. People like small business owner David -- You by move -- my money from four of my businesses to out of Bank of America and chase bringing three million dollars worth of business with. That kind of money and and my level of business actually doesn't really matter to them for minor the end came -- his banks refused a new line of credit. For others like -- Christian he -- is that ATM -- I couldn't separate the principle behind the five dollar fee structure that targeted and -- -- 20000 dollars -- accounts. Because those people couldn't afford it. Disgusted Christian launched -- transfered -- FaceBook slated for tomorrow. Now 78000. People say they're going to join in October alone. Credit unions reporting an influx of 650000. New customers it thirteen -- spike from their average month. Raking in over four point five billion dollars in new deposits. Each bank is gonna do what's in the best interest of our customer and their shareholders tomorrow -- and tens of thousands will close their accounts at big banks. And look too small banks who say they're not gonna charge and those -- The big banks are saying no matter what happens they'll have to recoup that revenue. Meaning a future with more fees and probably some more upset customers.
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