mjah Posted November 1, 2011 Share Posted November 1, 2011 http://www.washingtonpost.com/business/economy/bank-of-american-drops-debit-card-fee/2011/11/01/gIQADvugcM_story.html?hpid=z1 Bank of America abandons plan to charge $5 monthly debit fee In a rare reversal, Bank of America announced Tuesday that it will drop a highly criticized fee for customers who swipe their debit cards.The bank had intended to begin charging the $5 fee next year, citing new federal regulations that it says have hurt its bottom line. But the debit charge drew a torrent of fury from customers, lawmakers and even President Obama. Faced with consumer backlash, Wells Fargo recently abandoned its own testing of a fee. Regions Bank and SunTrust have also dropped their charges. Link to comment Share on other sites More sharing options...
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