Bank of America instituted a five dollar per month charge for usage of its debit cards
" While there will be no fee if you have at least $5,000 in a Bank of America account, have a mortgage with the bank, are a B of A employee, or only use the debit card for ATM transactions, any one purchase in a given month will ding you the five bucks. This is in addition to all other fees on its “basic” accounts—of which there are many types—and which can already carry fees as high as $12 per month if minimum balances are not maintained. Not wanting to miss out on the fee-for-all, Citibank also announced a substantial rate increase, hiking the minimum balance requirement for certain checking accounts from $6,000 to $15,000, else a $20 a month fee will be charged. They also announced that “EZ Checking” account holders will be charged $15 a month if they don’t maintain a balance of at least $6,000. "
" While there will be no fee if you have at least $5,000 in a Bank of America account, have a mortgage with the bank, are a B of A employee, or only use the debit card for ATM transactions, any one purchase in a given month will ding you the five bucks. This is in addition to all other fees on its “basic” accounts—of which there are many types—and which can already carry fees as high as $12 per month if minimum balances are not maintained. Not wanting to miss out on the fee-for-all, Citibank also announced a substantial rate increase, hiking the minimum balance requirement for certain checking accounts from $6,000 to $15,000, else a $20 a month fee will be charged. They also announced that “EZ Checking” account holders will be charged $15 a month if they don’t maintain a balance of at least $6,000. "
