SANTA ROSA, Calif.-Redwood Credit Union reported it saw a significant spike in new accounts over the weekend of Bank Transfer Day, with more than 600 new accounts opened on Friday and Saturday. That is six times the normal number of new accounts, the credit union said. Overall, October set a record for new accounts, up 83% over the same period one year earlier. In Capitola, Calif., Bay FCU reported it opened 100 new checking accounts on Nov. 5, approximately one-third of what it typically does in a month.
Processing Content
