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Bank of America throws out $5 debit fee

After much public criticism, Bank of America is bailing out of its plan to charge customers a five dollar monthly fee for making purchases with their debit card. According to The Wall Street Journal, the move was spurred on by both pressure from consumer feedback and competitors dropping their own versions…

Bank of America to charge debit card use fee

(Reuters) – Bank of America Corp plans to charge customers who use their debit cards to make purchases a $5 monthly fee beginning early next year, joining other banks scrambling for new sources of revenue. U.S. banks have been looking for ways to increase revenue as regulations introduced since the…

Bank of America to charge monthly fee for debit card use

(Reuters) – Bank of America Corp plans to start charging customers who use their debit cards to make purchases a $5 monthly fee beginning early next year, joining a host of other banks scrambling for new sources of revenue. U.S. banks have been looking for ways to increase revenue as…

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