Perhaps by now you will have heard about the nationwide Day of action on December 2nd: www.moveyourmoney.org.uk
This is one of many campaigns to come out of Occupy UK movement.
Friday 2nd December is a day of action:
People in the UK will be moving their money out of high street banks, and into Credit unions or other ethical finance.
Large sections of the population, particularly the most vulnerable are being forced to pay for the reckless mistakes of the banks, either through government cuts or recession related redundancies.
The banks continue to perpetuate a culture of high risk and pay large bonuses to their top employees, in some cases with taxpayers money. In many cases these banks also use their customer’s money to invest in unethical and environmentally damaging companies.
Credit Unions are owned and controlled by their members and exist to provide a service to the local community, not to create profit for shareholders, or pay fat bonuses.
We are asking the public to show their dissatisfaction with the banks by voting with their wallets.
Show your support for the campaign by clicking Attending on the Facebook event, and most importantly, opening an account with your local credit union.
Moving your money to an ethical bank is the first very simple thing you can do until we’ll reach the ideal option – a true full-reserve banking (a bank that doesn’t promise you instant access to your money even though it’s lent to somebody else) which would also give customers a choice in how their money was invested .
Today the banks decide where to invest your money – not you! When you put money in the bank in present system it becomes the banks’ legal property to do as they like with.
Here you can find more information about other ethical banks and mutuals where you can move your money to.