Articles Archive for 31 October 2011
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Bank of America revamping debit card fees
By Rick Rothacker and Joe Rauch
Fri Oct 28, 2011 7:43pm EDT
(Reuters) – Bank of America Corp, after receiving heavy public criticism for a planned $5-per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank’s plans said Friday.
The second-biggest U.S. bank is reworking its plans as rivals Wells Fargo & Co and JPMorgan Chase & Co have decided not to charge monthly fees, ending test programs in certain states.
Bank of America is likely to …
