Move Your Money - Get ready to fix British banking in 7 days

by Move Your Money UK
Rewards

About the project

Goals

Tipping Point £1,000
2nd Milestone £5,000
3rd Milestone £10,000
4th Milestone £30,000
£1,005
tipping point
£30.000
20%
In-kind donations range from drinks to office supplies. We even accept homemade cakes. See what else we need!
tipping point
25 hrs
12hrs
In-kind donations range from drinks to office supplies. We even accept homemade cakes. See what else we need!

More about the project

What is the social/environmental problem/issue that this project will address?
Government financial support for British banks has now reached a staggering £850bn. Yet despite having received the biggest taxpayer bailout in history, the banking sector does not operate in the interest of customers, the economy, society or the environment. The UK banking sector is currently too consolidated and homogenous, resulting in a lack of competition and genuine choice for customers as well as a lack of accountability. Financial commentators are predicting that, despite criminal activity, many banks are “too big to jail” and “too big to fail”. This has led to public concern that banks are getting away with criminal activity, flouting FSA rules and delivering bad service.
Can you give us some statistics on this problem?
Surveys have found that in the UK the average bank account relationship lasts just over 16 years compared with 14 years for a romantic relationship with a partner. In the UK we are less likely to switch than anywhere else in the world – whoops! MYM estimates that 2.4m people switched in 2012 and up to 14m said they would when switching becomes easier from September.
What is your solution?
We believe that people can change banking in the UK. Together, through switching their bank accounts, customers can create a momentum big enough to demand a banking system that is fairer and more transparent, accountable and responsive to needs and values of customers. We believe this will lead to a stronger economy and a more sustainable and diverse banking sector.
How will you deliver this?
A big in-your-face campaign

Get involved

Here are some great ways to get involved with the project and help out. If you have...
  • 2 minutes
    Tweet that you have donated using #moveyourmoney and #betterbanking, and join our Facebook group (https://www.facebook.com/MoveYourMoneyUK?fref=ts) or subscribe to our e-newsletter (http://www.moveyourmoney.org.uk/) to get updates on our campaign.
  • 5 minutes
    Repost and email the link to this crowdfunding page to friends and family, tell them what made you donate to our campaign and we can start to create some momentum to create change.
  • 15 minutes
    Leave us a note on our form (http://switchandtell.moveyourmoney.org.uk/tell-others-about-your-switch/) about why you would move your money and become a case study.
  • 30 minutes
    If you have not already, use the information on our site (http://www.moveyourmoney.org.uk/) to decide where to move your money, and switch your bank account and savings. Then if you have a few minutes more, send us a photo of you cutting up your card, which we can add to our increasing collection.
  • A few hours
    Write to your bank and tell them why you leaving and post it to the MyM facebook page
  • Regular time commitment
    We rely on a small team of volunteers to help us with research, social media output, website content, building new campaigns and much more, but we always appreciate more help. You can even do it from home anywhere in the country. If you share our ideals and want to help rebuild a responsive and dynamic economy, please get in touch through our blog on our website at moveyourmoney.org.uk, or email us at contact@moveyourmoney.org.uk.

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About the organisation

Vision and mission

Move Your Money is leading a growing movement of ordinary people, businesses and organisations who are fed up with the big banks and want to build a better banking system. We are taking matters into our own hands through the simple and powerful act of moving our money into banks that care about their customers and help rather than harm our economy, society and the environment. Move Your Money UK is an independent, not-for-profit campaign group. We are part of an international move your money movement offering a global response to a global crisis. Visit our website (http://www.moveyourmoney.org.uk/) to find out more about the work we are doing and the alternative banks you can choose, follow us on Twitter(https://twitter.com/moveyourmoneyuk) to get updates on our progress and latest related news articles, or share our stories on Facebook (https://www.facebook.com/MoveYourMoneyUK?fref=ts) with your friend and family.

Geographical coverage

Within UK

Our track record

2.4m People moved in 2012. We want more to switch in 2013