A bill has been introduced in Congress that that will stop banks from
charging a fee to close accounts or to move your money. Some banks charge
up to $50 to close an account and make it so difficult to move your money
elsewhere that they effectively force one to stay put.
Consumers Union has a website making it quite easy and quick to send your
congressional representatives a message in support of this legislation.
There's also an amusing spoof video of a fictitious bank (First Money
Lending) which may be a little too close to the truth---bringing to mind
me1004's nightmare (comment #3
) of a few days ago.
The bill, introduced by Senator Tom Harkin (D, Iowa) is "S. 1534: Freedom
and Mobility in Consumer Banking Act" and can be found here
Prognosis: 2% chance of getting past committee; 0% chance of being enacted.
All the more reason to vote if you believe it worthwhile.