Bank Transfer Day

Tomorrow is "Bank Transfer Day" and reportedly, in advance of this, 650,000 people have transferred their money into Credit Union accounts. I saw this happening myself as I went to my Credit Union this morning and witnessed two people opening new accounts. I think this is a great idea. People should shop their money to where they can get the best deal. This could result in some lower banker salaries. But I also agree that the regulations instituted in the last three years were an over-reaction to 2008.