Thursday, September 29, 2011
CTUSA - Bank of America to charge $5 monthly debit card fee
http://money.cnn.com/2011/09/29/pf/bank_of_america_debit_fee/index.htm?iid=Lead
NEW YORK (CNNMoney) -- Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases.
Whether you use your card for one purchase a month or 20, you will pay $5 per month starting in 2012. If you don't use your card at all, you won't be assessed a fee. And you can still use ATMs as much as you want without getting hit with the new fee.
Other banks have been flirting with the idea of introducing a fee for debit card usage, but Bank of America (BAC, Fortune 500) is one of the first major institutions to announce that it will make this a reality for all active debit card customers
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