Jump to content

Bank of America Drops Its $5 Monthly Charge on Debit Cards


Mame Biram Diouf

Recommended Posts

Bank of America Corp is dropping its plans to charge a $5 monthly fee for its debit card use following complaints from both customers and politicians.

The bank said the move to drop the fees was in response to customer feedback and competition, with the company reversing its spoken 'right' to turn a profit to, instead, listening to its customers.

Bank of America was under pressure to make the change as rivals backtracked from plans to charge customers for using their debit cards.

'We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,' David Darnell, the bank's co-chief operating officer, said in a statement.

Slipping in rank behind JPMorgan Chase in largest U.S. banks, its CEO Brian Moynihan Bank had earlier defended their decision of the ATM fees by saying the bank 'has a right to make a profit.'

In its third quarter profit report in October, however, the bank reported profits at $6.2 billion.

'Banks can make money,' Mr Obama said in the interview.

'They can succeed, the old-fashioned way, by earning it.'

whatha.gif

CHARGING PEOPLE TO USE A DEBIT CARD, WERE THEY ACTUALLY BEING SERIOUS

SURELY IT WAS JUST TROLLINGG

MAKING A 6BILLION PROFIT AND SAYING YOU NEED TO CHARGE CUSTOMERS $5 EVERY MONTH

HONESTLY HAVE NO OTHER WORDS TO SAY

THESE PEOPLE ARE SO OUT OF TOUCH ITS JUST AHH

  • Downvote 1
Link to comment
Share on other sites

Guest phonecharger

Deffo

If this was passed, would have only been a matter of time before it was implemented in the UK

Wonder if people would be saying 'K' when there 4.99 balane goes into overdraft

Nike-Shoebox-psd34252.png

this doesn't go into overdraft mate

  • Upvote 2
  • Downvote 3
Link to comment
Share on other sites

I try and avoid ATM's that charge you like the plague.

Fucking joke.

trust me

one time i had to pull out a score

accidentally hit £10

had to take it out twice to i paid £3 for £20

plus income tax when i earnt it

plus vat on whatever i bought with the money

piss take

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...