Bank of America to Charge Debit Card Use Fee | Reuters

Visa Debit card from Bank of America

Bank of America to charge debit card use fee | Reuters.

Beginning next year, Bank of America will be charging customers $5.00 for the convenience of purchasing items with their debit card. This is in addition to their $35.00 overdraft fee and their monthly maintenance fees that range from $8.95 to $25.00. Here, is a list of Bank of America’s checking options and how to avoid monthly maintenance fees. If you have a high balance, then you are covered. However, I can’t fathom how many people will be leaving B of A and other large banks that follow suit for small banks and credit unions. This could is an opportunity for the banks that do not follow suit.

Follow Up: Close to Free Checking Accounts

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One comment

  1. Pingback: Bank of America Debit Card Fees Socially Tone Deaf $BAC #buffett « FinancialSkeptic's Blog

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