One of the forms of peaceful protest in the Occupy movement is to close accounts with large bankers and patronize only credit unions. In situations where protesters have entered their banks in groups to close their accounts, there has been trouble.
According to the NY Times, on October 15, 30 people entered the bank while two of them closed their accounts. The NY Daily News reports, “The Citibank protesters were charged with criminal trespass and one of them was also charged with resisting arrest. Another brief standoff at a nearby Chase branch ended without arrests.”
Judging by the video above, it seems as if Citibank could be charged with kidnapping, especially when the outside contact of the protesters is pulled inside. According to Citibank, the decision to arrest and detain the protesters was made by the police.
People are being advised to exercise caution when closing their accounts, especially on November 5, Bank Transfer Day.
Event: Move Your Money – Bank Transfer Day
For more information visit the official Facebook page:
Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date, we will send a clear message to the 1% that conscious consumers won’t support companies with unethical business practices.
• Open an account with a Credit Union or small, local bank
• Transfer your funds to the new account on or before 11/05
• Follow your bank’s procedures to close your account