To help you out, we’ve compiled a set of resources to help you close down your account without incurring overdraft or returned-check charges, find a bank that gives you free checking and good savings rates to boot, and help the movement grow.
Step 1: Leave your old bank
- Close your checking account without racking up fees
- Account-closing instructions:
Step 2: Open Your New Account
- Switch to your local credit union. All are not-for-profit, so they’re much more likely to have free checking (bro tip: We Do! ).
- Play around with rates tools, which lets you compare savings account rates between banks and credit unions (guess who wins?).
Step 3: Spread the Word
- Sign up on Facebook. Because it doesn’t count if you don’t share it.
- Read an awesome interview with Kristen Christian, the woman who started the movement.
- Check out Senator Dick Durbin’s fiery letter to Bank of America CEO Brian Moynihan.
- Occupy Wall Street is all about them bank transfers.
- The Credit Union Times, an industry newspaper, is loving the idea.
Have you left your bank, or are you thinking of doing so? Reach out, we’d love to help you make the process as smooth a possible firstname.lastname@example.org
We strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own. ANISHA SEKAR, NerdWallet