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Bank of America dumps debit card fees

A bicyclist uses the Bank of America drive-through ATM machine. Bank of America has recently decided to not charge $5 a month to customers who use their debit cards that would have started in 2012. Photo Credit: Andres Aguila / Daily Sundial

Kat Russell

November 7, 2011

Bank of America has abandoned a monthly $5 debit card fee, which was scheduled to begin in early 2012. The announcement came after competitors, namely Wells Fargo and JPMorgan Chase, announced they were no longer going to exact similar fees. The bank cited customer feedback and a changing competitiv...

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