http://www.9news.com/rss/story.aspx?storyid=222058 NEW YORK (AP) - Bank of America plans to start charging customers a $5 monthly fee for using their debit card for purchases.
The fee will be rolled out starting early next year.
A number of banks have either rolled out or are testing such fees. Bank of America's announcement carries added weight because it is the largest U.S. bank by deposits.
Anne Pace, a Bank of America Corp. spokeswoman, said Thursday that customers will only be charged the fee if they use their debit cards for purchases in any given month. Customers won't be charged if they only use their cards at an ATM.
The fee will apply to basic accounts and will be in addition to any monthly fees customers are already being charged. For example, one of the bank's basic accounts already charges a $12 monthly fee unless customers meet certain conditions, such as maintaining a minimum average balance of $1,500.
(more at link)
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(88 posts)
Send PM |
Profile |
Ignore
