(BBC) Bank of America cancels debit card fee

Bank of America has cancelled plans to charge consumers a $5 (£3) monthly fee for making debit card purchases, citing customer feedback.

The bank announced it was abandoning its fee plan amid growing anger around the move and consumer calls to take banking business elsewhere.

A company spokeswoman declined to comment on account closure figures.

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Media, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

2 comments on “(BBC) Bank of America cancels debit card fee

  1. Scatcatpdx says:

    Yes, capitalism does work

  2. Karen B. says: