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Bank Of America New $5 Debit Card Fee

I love my bank, and with the exception of being in New Orleans, I always know I’ll be near one. But that happy mood come 2012 will be changing! Starting next year Bank Of America will begin a MONTHLY $5 fee for all debit card users.  Doesn’t matter if you swipe your card for a $1.00 candy bar or a new $500 couch,debit or credit, you’re being charged $5 (a month)!Now there are a few exceptions, people who don’t use their debit card at all, usage of ATM’s, and certain premium customers don’t have to worry.  BOA isn’t alone either; Wells Fargo will be testing a $3 debit card fee in Nevada, Georgia, New Mexico, Oregon and Washington beginning Oct. 14th and JP-Morgan Chase announced they too have a $3 charge test underway in Wisconsin. I don’t know about you all but I don’t like the idea of paying to spend my own money there are enough bank fees as is! If Bank Of America was in my college town I’d just go to the ATM and stop this rant. Now I know some of you may be thinking ohhhh Sunny D it’s just $5. Well as a broke college student, I speak for us all when I say that $60 a year fee can “kick rocks”! Oh yeah I’m going ol school and ordering a book of checks!

Sunny D

6 thoughts on “Bank Of America New $5 Debit Card Fee”

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