Bank of America Drops Plans for Debit Card Fee
After customer blowback, Bank of America to drop $5 debit card fee.
Back in September Bank of America announced it was going to charge customers a fee to use a debit card. That plan is no more.
The proposed $5 fee for transactions has been pulled by the banking company. Bank of America said in a press release that it decided to not go through with the fee after getting feedback from customers.
Several other major banks recently announced plans to forego charging customers fees for using debit cards, including Chase and Wells Fargo, according to an article in USA Today.
Credit Unions, like Vantage Credit Union, have been using the fees as an opportunity to encourage people to check them out.
There is one Bank of America location in St. Charles, and many more in nearby communities.
