move 'em out, paper money first. Let's go

The move-your-money campaign has been
an idea for a decade, but has reached new
peaks of popularity with the

Neo-Liberal Austerity Crisis.

In the UK, the first report shows that over
2 million people moved their cash to
non-casino banks.

According to those in the know, taking away
our little old satchel of paper money is a
big problem to the banks that, on one level,
operate with the winnings our cash gives them.
Perhaps it enables their day-to-day workings.
Anyway, there are many other options.

Credit unions, Co-operative bank, mattress
with a safe inside, bullion

Enjoy the text below.

read 'em: guardian

Big banks lose 2.4m customers in protest against scandals

Move your Money campaign says new figures show mass exodus from UK's five biggest banks as clients vote with feet

  Rupert Jones and Miles Brignall 

    Thursday 13 June 2013 11.19 BST     

An estimated 2.4 million customers quit the UK's five biggest banks in 2012 as people "voted with their feet" in response to a string of scandals, according to latest figures.

The Move Your Money UK campaign and website, which issued the figures, said they showed a "mass movement" away from the big banking groups: Lloyds, Royal Bank of Scotland/NatWest, Barclays, HSBC and Santander.

Laura Willoughby, Move Your Money chief executive, said: "The constant slew of scandals last year has opened the floodgates, and people are beginning to realise they don't have to put up with the arrogance of the big banks."

The Libor rate-fixing affair, bankers' bonuses and a wave of scandals and regulatory clampdowns involving the mis-selling of products such as payment protection insurance and interest rate swaps have all fuelled anti-bank sentiment, and created an appetite for challenger brands within the sector. The campaign group said local, ethical and mutual financial service providers were among those that had increased their customer base significantly.

Willoughby, speaking at a debate at St Paul's Cathedral in the City of London on the future of banking, said people were switching "because they are angry about the lack of reform in Britain's broken banking system, and have decided to take matters into their own hands".