Marcus Evans Group | Worldwide Headquarters | American Offices | Latin America | European Offices | African / Asian Offices

In praise of … switching your bank | Editorial

Let’s move our money from big banks to credit unions, ethical banks and building societies

What do the bankers do – work tirelessly on your behalf, or work for themselves on your money? We have an option – to move our money, but few of us actually do. In fact, we are more likely to divorce than change our bank account, and this despite a growing list of grievances. Forget bank charges, bonuses or lending droughts. Bankers triggered a world recession in 2009 and could well cause a double-dip recession in Britain. What to do? Last week a national campaign was launched to improve the banking system by exercising consumer choice. Move Your Money UK, based on a similar campaign in the US, aims to channel anger into action, by encouraging account holders to move from the big guys to credit unions, ethical banks and building societies, from Potter to George Bailey. Life may not, in reality, be that wonderful and this could be a peashooter pointed at an elephant. But it reaffirms agency. We don’t have to take it. © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds