Tag Archives: fees

Bank of America Backs Down from $5 Debit Card Fee

Rarely does a company get such immediate and negative feedback from its customers as Bank of America did when they announced a new $5 fee for debit card users one month ago. At the time, their spokeswoman Anne Pace said “the economics of offering debit cards have changed.”  But apparently they haven’t changed enough to allow the $5 fee to…

Bank of America Announces New Fees For Debit Cards

Quick, check your wallet — if you happen to have a debit card issued by Bank of America, you should be prepared to pay a new $5 monthly fee starting as soon as January. The bank says it will charge customers the $5 fee in any month in which they make a purchase with their debit card.  Bank of America…