POLL: Bank of America to Charge for Debit Card Use
We want to know what you think about banks charging customers as much as $5 a month to use their debit cards.
On Thursday, Bank of America announced they will start charging customers $5 a month for debit card use-- up to $60 a year. Customers will reportedly only be charged if they use their card for purchases in that month. Those who only use the debit card at ATMs will not pay the fee. The change will roll out in 2012. Bank of America is not the first bank to impose such a fee. Atlanta-based SunTrust began charging a $5 debit card fee this summer and Regions will enact a $4 fee starting next month. Chase and Wells Fargo charge $3 in select markets. What do you think about these charges? Take our poll below and leave your comments.
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Alanda Burroughs
4:30 pm on Monday, October 31, 2011
The sad thing about all of this is the fact that we have all participated in this mess, and have allowed banks and other companies to do this to us. We have the option to move our monies...no one is holding a gun to our heads, yet we keep giving these companies our business. We try to justify what we do and call it convienence, when in reality it's really laziness and contentment. Until we decide… more ›