Bank of America to charge $5/month for debit card use

[pstall]

I can search. What should i search for?

oh its not salacious or anything. just that i wanted an exec at bofa i know to pipe up in a town hall with higher execs and ask about book value and why was bofa allowed to pay back tarp.

he of course turned red then quietly confided in me that if bofa was revalued it would go under.

no worries tho

[jasonluckydog]

No banks will take my money..So I created Bank of Luckydog and if you want to join send me your money to my paypal addy and I will pay your bills

[email protected]

Let's say HELL NO to the banks and HELL YES to jasonluckydog

no fee's either.

[jasonluckydog]

not a limited time offer and available in all states.

[CosmoGirl]

Im still with Wachovia. Its Wachovia still dammit.

Only reason I would go with BOA is Panthers banking....you get the cool card

If you do online bill-pay with Wachovia, they're getting ready to start withdrawing the funds five days in advance. I'll be moving my account to another institution.

[Razzy]

I'm officially leaving BOA for a local credit union. I'm done with people using my money to make themselves money and then charging me to access my money.

[Zcustom]

Not to burst your bubble, but BofA does that.

I had my CC stolen a few months ago by someone who then bought $5000 worth of plane tickets. After a 5 minute phone call and filling out a one page document, had the entire thing cleaned from my statement. I don't love BofA, but I don't hate them either. I like having access to that many ATMs, too.

You guys are acting like $5 a month is some unbelievable price.

Stop being poor.

BOA does not print debit cards in the branch.

Yay they have basic fraud protection, party!!

$5 is a lot to some people, but thanks for helping perpetuate the "Meh what's $5 attitude", BOA loves people like you.

My beef with BOA involved $2k, so it was a bit more serious.

Stop being a condescending douche

[Davidson Deac II]

If you do online bill-pay with Wachovia, they're getting ready to start withdrawing the funds five days in advance. I'll be moving my account to another institution.

I stopped using wachovia's bill pay years ago, when they converted to the current system they are using. I still have accounts there, and use their debit card because its a lot more convenient with a lot more branches and ATM's. But I have my bill paying money direct deposited into the credit union because their bill pay is much better imo.

But if I had to switch to the Credit Union's ATM's, I would spend a lot more than $5 bucks in gas driving to those ATM's, thats why the banks are a lot more convenient. There is an Wachovia ATM a mile from my house, the nearest credit union ATM is 6-8 miles away.

Regarding the fees, merchants were paying about 50 cents or so per debit card transaction, if you signed for it instead of entering your pin. Due to changes in govenrment regulations, those same merchants are only paying 12 cents or so per transaction. I wonder if they will pass the savings on to the customer.

The government forced the banks to stop charging the merchants, so now that cost gets passed on to the customer. Thank god the government "fixed" that problem. :)

[jim stone]

They have met with all their employees and ask them to think "fee not free". Take a look and try to find the things they do often for free and to put on a fee for that. Fat cats got to get they big bonuses from somewhere. I will predict that most customers are too stoopid to leave and will stay right there and start yelling to limit the exec pay. Hey folks, yall got the power to do it with out involving the politicians.

[pstall]

i say the first 90 days rev will go up and BofA will slap itself on the back. then the exodous.

[jim stone]

then the exodous.

As it should be and I hope you are correct. I just have little faith that the general public would have the wherewithall. They'd rather bitch about corporate saleries and let the gov handle it.

[Davidson Deac II]

i say the first 90 days rev will go up and BofA will slap itself on the back. then the exodous.

Or the other banks and even credit unions will follow suit. This is happening because of changes in government regulations. BOA's problem is that they are the first to do it across the board.

[Davidson Deac II]

i say the first 90 days rev will go up and BofA will slap itself on the back. then the exodous.

Do you think that Walmart and other retailers will pass savings from reduced debit card transaction fees on to customers?

[Guest]

wow, I rarely use ATMs anymore. I just get cash back at the store. (CU member btw - f the big banks)

[Happy Panther]

I have some premium account anyway and don't pay the usual fees.