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Bank of America decides against $5 debit card fee
Posted: 11.02.2011 at 7:37 AM
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NBC News reports Bank of America has dropped their plan to charge a $5 monthly fee to debit card users.
The Nation’s biggest bank announced earlier this week that it has decided to not implement the charges.
Their plan brought a loud outcry from debit card customers and politicians.
JP Morgan and Wells Fargo had similar plans, but after the uproar they also decided against the fees.
Are you a debit card user? Would you have paid the $5 monthly fee or would you have switched to another form of payment? Leave us your comments on these banks’ decision below.