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I suspect some folks will be moving their banking as a result...
http://finance.yahoo.com/news/Bank-...html?x=0&sec=topStories&pos=main&asset=&ccode=
http://finance.yahoo.com/news/Bank-...html?x=0&sec=topStories&pos=main&asset=&ccode=
NEW YORK (AP) -- Bank of America plans to start charging customers a $5 monthly fee for using their debit card for purchases.
The fee will be rolled out starting early next year.
A number of banks have either rolled out or are testing such fees. Bank of America's announcement carries added weight because it is the largest U.S. bank by deposits.