$5 Fee- photo protest
September 29, 2011NEW YORK (CNN Money) — Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases.
Whether you use your card for one purchase a month or 20, you will pay $5 per month starting in 2012. It doesn’t matter if you select “debit” or “credit” at the point of sale.
Debit card is your money in the bank, that bank uses and does not pay(usually) any interest on it. Soon (2012)we will have to pay to use our money. Then I wonder- what’s next?! This is my answer to Bank of America decision to charge $5 monthly debit card fee. Just a matter of principle.