Today on the Consumerism Commentary Podcast, Bryan speaks with Kristen Christian of Bank Transfer Day about why she got tens of thousands of people to agree to move to a credit union.
They discuss why banks keep adding fees after posting significant profits, clearing up misconceptions about who can join a credit union, how to find one and what to expect.
Table of contents
[00:00] Introduction from Bryan J Busch
[00:34] Interview with Kristen Christian
– [00:46] Bank Transfer Day goals
– [01:24] Involvement with Bank Transfer Day
– [01:57] Credit unions vs. neighborhood banks
– [05:01] Why banks are adding fees
– [08:07] Benefits of credit unions
– [09:53] November 5
– [12:19] How to switch from a bank to a credit union
– [13:48] Responsible lending and lower interest rates
– [15:22] Causing a disturbance
– [16:48] End
We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.
Theme music by Mindcube.
Published or updated October 30, 2011. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
Rank: Platinum
Luke Landes founded Consumerism Commentary in 2003 and has been building online communities since 1990. Luke, also known as Flexo, has contributed to PC World Magazine, US News, Forbes, and other publications. 
{ 2 comments… read them below or add one }
I hope this Day has the effect of a change in policy in at least one bank. I know there are many people sitting on the fence about moving their money from Big Bank. I hope this will give them the encouragement they need to make a change in their lives. This was just good timing for me to make a change from Wells Fargo myself.
Great interview!
I spoke with a friend of mine in Canada yesterday and we talked about this subject, and he said Canadian’s wouldn’t stand for this abuse by the banks for a single day.
Thanks for bringing this to us!