Bank of America is one of the government bailout recipients and currently a company being targeted by many protesters at Wall Street. Although Bank of America have firm iron fist, American protesters have a strong weapon. They can move all their money out from BOA to its competitors. So what exactly are they doing that are making protesters angry? Here are some reasons why:

1) They started charging $5 monthly fee for clients to use their debit card for purchases. This may be a dangerous move since BOA has a big influence in banking industry, their actions might a set a trend among other banks.

2)Bank Of America recently announce job cuts of 30,000 employees. This number is more than double of what other American employer has announced this year.

3) Last but not least, Bank of America is giving away bonuses and rewards for executives in a middle of economic crisis. What makes people upset is the fact that the company is blaming on the economy for having to lay off employees and creating new fees, yet they still seem able to manage giving away extra money for executives who already earn multi- million dollar salaries.

It did not come as a surprise when one of many credit unions, Delta Credit Union, is planning on launching ‘Switch Day’ for Bank of America’s clients to switch to their credit union. I personally believe that ‘bonuses’ are a big issue in modern world of business. Sure it seems wrong, but it is hard to stop big banks and companies since ‘everyone’s doing it’ whether or not the economy is flushing down the toilet.

Source : http://thinkprogress.org/special/2011/10/08/339747/move-your-money-from-bank-of-america/