Frustrated Students To Participate In Bank Transfer Day

US--Following an announcement to increase service fees, students plan to close down their accounts at commercial banks and instead open up new ones at credit unions, celebrating the Bank Transfer Day this Saturday. The event, created on Facebook by Los Angeles-based Kirsten Christian, is a response to announcements made by various banks to increase the customer fee charged for different services.

The event however, has nothing to "do with capitalism", says Kathleen Hetrick, an architectural engineering and philosophy student. "It has to do with companies not functioning right and stealing from people. It’s a morality issue almost.I can’t really do too much about the bank structure itself, but I can take my money out of their bank.”