Are you closing your local Bank of America account now that they will start charging $60 a year for debit card usage?

[Ladywithafan]

Originally Posted by Tallysmom

In my mind there should not be a fee. Have you asked your bank?

Not yet, was planning on Friday after work.

[steel7]

Bank of america is reconsidering charging the monthly debit card fee but horrible citi bank is not. US Bank will not be charging any debit card fees (so far).

[LuckyGem]

They listened to customers and decided not to charge.

Retreat From Debit-Card Fees Continues - WSJ.com

BofA Eliminates Plan for $5 Debit-Card Fee - Bloomberg

[DexterCat]

Originally Posted by LuckyGem

They listened to customers and decided not to charge.

Retreat From Debit-Card Fees Continues - WSJ.com

BofA Eliminates Plan for $5 Debit-Card Fee - Bloomberg

i had read an article yesterday proclaiming bofa was going to keep the fees. good they relented.

still, everyone should move to a smaller bank / credit union

[MrRational]

Originally Posted by LuckyGem

They listened to customers and decided not to charge in ways that are quite so obvious

hth

[Dennis P]

Originally Posted by DexterCat

i had read an article yesterday proclaiming bofa was going to keep the fees. good they relented.

still, everyone should move to a smaller bank / credit union

I agree 100%. Reps to you.

[sunbelt]

I got the warning letter about a year ago and I was thinking about closing my acct. but then I figured with all the interest and late fees I've paid them over the last 10 years, plus the fact that they gave me 20K credit on one acct. and 3K on the other I figured the $60/year charge was just a drop in the bucket.

[AZgarden]

I waited until today, then proudly went in and said Good bye. I now have an online bank that doesn't have a building.