Bank of America to Start Chargeing $5 Debit Card Fees

[junk]

Well, like I'd said earlier I hope people have the presence of mind to not allow themselves to be charged for accessing their own money and calling it convenience.

Agreed. I'll never let a bank charge me to hold my money or access it.

$5 a month to access my own money? No way.

 

[Cajuncowboy]

I'd bet a guy with a business that runs a few hundred transaction per day would disagree.

He might, but that doesn't change the fact that it is bad law. Anytime you do something like this there is always a direct end result to the consumer. And now people are complaining about it.

The direct result of the bad law is increased costs to the consumer.

 

[arglebargle]

IF you let bankers rule, you get a world good for bankers....

 

[CowboyMcCoy]

Why isn't Bank of America already dead? I used to use them, then they started trying to hose me. I had a house mortgage though them and even a line of credit. I refinanced my house and closed the credit account. They suck something fierce.

People see the name and say, "Oh, Bank of America". Same with other credit unions like "University Credit Union"...Oh, what a great name. It must be a great bank. The general pop doesn't care about stuff like this. A few who stand up to it, won't change their greed. But I don't think losing customers over this helps the bank at all.

I'd split too. But that's not my bank.

 

[Kangaroo]

I have them for my home mortgage after they bought out Countrywide and I have a credit card through them...which has a good rate and so far hasn't raised my interest rate like all the rest have...so I'll give them that.

I don't have a BOA Debit card...but I use my Chase Debit card for everything and it would piss me off to get a fee like this.

But since we basically let these ****ers have carte blanche to screw people over...it's just one in a long list of things that doesn't surprise me.

Well Chase and Wells Fargo are following suit and testing it already

http://www.creditcards.com/credit-c...ly-use-activity-fee-charge-own-money-1271.php


I been wanting to drop BOA for a while the tarp stuff then the other stuff and realize I was not a BOA originally I was NCNB which became Nations Bank then the merged with BOA. I think I am going to look at a credit union after this crap from all the big banks

 

[Eskimo]

You should never use a debit card. Open up a credit card with a points system. It's free money.

This is the best way to do thing - many rewards cards are free, too. Credit cards also afford much better protection against fraud then debit cards.