A spokeswoman could not immediately provide an update of whetherBank of America is experiencing any significant account closures onSaturday.

“It's more of an industry-wide thing,” said Christina BeyerToth, a Bank of America spokeswoman, on the impact of Bank TransferDay on all banks, not just Bank of America.

Toth told Credit Union Times she was not able toprovide any immediate data on account closures at the Charlotte,N.C-based bank. She said she would have to put in a request for thedata.

After previously announcing it would be charging a $5 monthlydebit usage fee, Bank of America said on Nov. 1 it will not implement thefee.

“We have listened to our customers very closely over the lastfew weeks and recognize their concern with our proposed debit usagefee,” said David Darnell, Bank of America co-chief operatingofficer, in a statement. “Our customers' voices are most importantto us. As a result, we are not currently charging the fee and willnot be moving forward with any additional plans to do so.”

Bank of America's initial move to charge the fee led to thecreation of Bank Transfer Day by Kristen Christian, an art gallery owner in Los Angeles.Christian launched a Facebook page Oct. 15 urging consumers to movetheir funds to credit unions and small community banks.

Bank of America has 58 million customers, 5,700 branches and17,750 ATMs, according to the bank's website. The nation'sapproximately 7,600 credit unions have about 92 millionmembers.