Customers Outraged by New Monthly Bank of America Debit Card Fee
Posted on October 1, 2011Some customers are angry at Bank of America's new debit card fee. The bank is adding a $5 monthly fee for use of a debit card. Only accounts that maintain balances of $25,000 or more are exempt. One customer told the AP that while $60 a year is not much, she is concerned the fee could grow. She says, "$60 a year is not a huge deal, but who knows maybe next it will be a $120 a year and then $240 a year."
Bank of America's new fees will start rolling in 2012. Take a look: