Friday, September 30, 2011

Bank of America to charge $5 monthly debit card fee

Seriously - it's time to move to a credit union. Lower fees, better service.

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.

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