sonicbloom: BofA to Charge $5 Monthly Fee for Debit-Card Usage

sonicbloom11:

WSJ:

NEW YORK—Bank of America Corp., the largest U.S. bank by assets, plans to charge customers a $5 monthly fee for making debit-card purchases starting early next year, according to an internal memo sent to bank executives Thursday. [more]

I’m speechless.

Seem to remember rumblings of a similar fee elsewhere. No matter. This is a bad idea for many reasons.