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Bank of America terminates their debit card fee plan

  • $5 Bank of America debit fee to end over consumer outrage source

» Nickel and diming: You may remember that last month, Bank of America indicated they were going to start charging a $5/month fee for all their banking customers with debit cards. The ostensible justification for this was new regulation imposed by the Dodd/Frank financial reform bill, which some banks warned would result in hidden fees moving out into the open. This upset a great deal of people, though (the massive profits BofA continues to reap in a bad economy does make it seem questionable whether these are fees of necessity), and now the fee plan has been eliminated. Other banks considered following suit, then backed down, leaving BofA out in the cold.

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November 1, 2011 // 14:30 // 2 years ago
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57 notes from really cool Tumblrs like ours. Click to read.

  1. opencart-themes reblogged this from theweekmagazine
  2. premium-magento-templates reblogged this from theweekmagazine
  3. maxmaxmaaaax reblogged this from theweekmagazine
  4. thnkdfferent reblogged this from el-tang and added:
    aw hell yeah
  5. el-tang reblogged this from mfnvu and added:
    thank the lawwdd.
  6. stuffalongtheroad reblogged this from shortformblog
  7. jamie-reads-thenews reblogged this from shortformblog
  8. vivreenverite reblogged this from shortformblog and added:
    JUSTIIIIIIICE.
  9. essenceofhumanity reblogged this from shortformblog and added:
    See what can happen when you let your voice be heard?
  10. mfnvu reblogged this from shortformblog
  11. jnicole22 reblogged this from hairtrending
  12. change-org reblogged this from shortformblog
  13. hairtrending reblogged this from shortformblog
  14. blueskyspeculation reblogged this from theweekmagazine
  15. thesilentorator reblogged this from shortformblog and added:
    As a BofA customer, I’m happy for hearing this.
  16. watchoutforthebullets reblogged this from shortformblog
  17. ajilivizion reblogged this from shortformblog
  18. megustamota reblogged this from shortformblog
  19. 4k8iw8 reblogged this from shortformblog
  20. buriedinblack reblogged this from shortformblog
  21. pandavalkyrie reblogged this from colonel--dog and added:
    Saw this coming. Bitches already charge me $15/month to keep my checking account open (funny enough if I have a ‘steady...
  22. colonel--dog reblogged this from shortformblog
  23. politicalthinker2099 reblogged this from shortformblog and added:
    Holy shit! That is the power of many in action! Great job everyone!
  24. theweekmagazine reblogged this from shortformblog