Video: Bank of America comes up with debit card fee

Bank of America is really struggling to get money. How? By increasing the debit card fees for its customers. The bank is gonna to start taking you $5 a month out of your account when you use the debit card.

In retaliation to this decision, people started to negatively advertise the bank on social networks like Twitter, Facebook and furthermore many clients threatened to change to other banks with lower fee.

Most likely Bank of America will be followed soon also by other banks such as JP Morgan Chase which currently has a $3 a month fee.
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The bankers explain how to avoid the fee! Just simply using or applying for a credit card where no fee is associated. If in the past years there was observed a “migration” from credit to debit cards but the new fees seem to revers the situation again.

Video: Investors keep away from dabit cards and fees