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Bank of America Rethinking Controversial Debit Card Fees

October 28, 2011Erik Kain

Bank of America is reconsidering its plan to charge $5 monthly debit card fees after public outrage has caused several other large banks to drop their own plans to charge similar fees. Bank of America is reconsidering its controversial move to charge monthly debit card fees after a wave of other big banks have dropped […]

Why the New Bank of America Debit Card Fees are a Good Thing

October 1, 2011Erik Kain

When Bank of America decided to start charging its customers a $5/month fee for using debit cards, people all across the internet were up in arms. This struck me as wrong-headed off the bat. Five dollars is hardly price-gouging, and paying for a service like debit or checking strikes me as a reasonable idea. Kevin […]