Bank of America to Start Charging Debit Purchase Fee (lobby, politician, Walmart)

[EmmanuelGoldstein]

Originally Posted by Alanboy395

I hope that USAA does not catch this fever.

Methinks they have to be very careful as a company on making decisions like that. Probably a good thing for their customers.

[The Dissenter]

Originally Posted by workingclasshero

huh

funny at bragg you have the credit union and wacovia..not boa

At Ft. Knox, KY it is Navy or Ft. Knox FCU and Armed Forces Bank (former employee).

Ft. Belvoir, VA and Langley AFB it's Suntrust.

Ft. Myer, VA it's Armed Forces bank or Pentagon FCU.

If they want I can call my boys at other bases and see what they have there.

[EdwardA]

Once again thanks to the Dem's shenanigans are going to cost me money.

[Fox Terrier]

Originally Posted by AONE

Well I like others had enough and we changed. I don't know anyone that likes BOA... Simple choice... pick another. I did Chase but the credit unions area great way and work very locally, which is good for an area.

Want to know who likes them?

Illegal Aliens

[ChocLot]

Originally Posted by EdwardA

Once again thanks to the Dem's shenanigans are going to cost me money.

So, you're going to pay the fee?

[highcotton]

BOA will no doubt lose a whole LOT of customers...some very valuable customers. Other banks will no doubt be taking notice.

[DC at the Ridge]

Just as a point of information, there are currently 397 million Visa debit cards in circulation, and 123 million Mastercard debit cards in circulation. 520 million debit cards total. If 10% of these pay an average usage fee of $4.00, banks will profit to the tune of $2,496,000,000.00 annually. If 50% of debit cards pay the usage fee thats $12,480,000,000.00 annually.

Greed.

http://www.nytimes.com/2011/09/30/bu...e.html?_r=1&hp

[HappyTexan]

Originally Posted by DC at the Ridge

Just as a point of information, there are currently 397 million Visa debit cards in circulation, and 123 million Mastercard debit cards in circulation. 520 million debit cards total. If 10% of these pay an average usage fee of $4.00, banks will profit to the tune of $2,496,000,000.00 annually. If 50% of debit cards pay the usage fee thats $12,480,000,000.00 annually.

Greed.

http://www.nytimes.com/2011/09/30/bu...e.html?_r=1&hp

And it's the suckers that stick with these banks, whine and cry and pay the fees.

And then they have the nerve to be upset that the banks are making records profits. Geesh.

[pghquest]

Originally Posted by theroc5156

Apparently the free money BofA got to loan us at high rates isn't enough for them. Greedy pigs.

They didnt get a free loan.

Originally Posted by mhouse2001

I believe in Muslim and other countries, there is no interest, no usury. It's morally wrong there but we can't get enough of it here.

So now the moral standards are set by "muslims", that very group that has no problem running around killing one another.

[lifelongMOgal]

Originally Posted by DC at the Ridge

Just as a point of information, there are currently 397 million Visa debit cards in circulation, and 123 million Mastercard debit cards in circulation. 520 million debit cards total. If 10% of these pay an average usage fee of $4.00, banks will profit to the tune of $2,496,000,000.00 annually. If 50% of debit cards pay the usage fee thats $12,480,000,000.00 annually.

Greed.

http://www.nytimes.com/2011/09/30/bu...e.html?_r=1&hp

No one puts a gun to anyone's head and forces them to use a debit card. Where you say greed I say such is the price of laziness and convenience. I've never had a debit card and never intend to get one. If I ever had a credit card that charged a fee I'd cut it up. I suggest those who don't want to pay for their use of debit cards do same.

Originally Posted by highcotton

BOA will no doubt lose a whole LOT of customers...some very valuable customers. Other banks will no doubt be taking notice.

Newsflash: Bank customers with high deposit levels do not get charged fees for most bank services that those who carry low deposit balances get charged.