Posted on 11/01/2011 10:51:19 AM PDT by SeekAndFind
CHARLOTTE, N.C., Nov 01, 2011 (BUSINESS WIRE) --
In response to customer feedback and the changing competitive marketplace, Bank of America no longer intends to implement a debit usage fee.
"We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee," said David Darnell, co-chief operating officer. "Our customers' voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so."
Bank of America
(Excerpt) Read more at mediaroom.bankofamerica.com ...
Classic case of “The market has spoken”?
Good thinkin’, after your customers are angry and leaving.
OWS now has a scalp. Where is this headed next?
BoA is not going to eat this expense. They will just find a less noticeable way to extract it.
OWS has nothing to do with this. The customer has spoken.
Citibank is starting 20 dollar a month fees if you don’t maintain 15k balance. An extra 240 a year for nothing for a lot of people.
“Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so.”
What we will be doing, is working tirelessly to institute a fee and penalty structure that is not as obvious, but much more punishing.
F...... Er, I mean, Thank you very much,
BOA
“Citibank is starting 20 dollar a month fees if you don’t maintain 15k balance. “
I don’t know why, for most personal banking, someone wouldn’t use a small local bank, or credit union?
Durbin jumps up to take credit for this in
5..4..3..2..
I agree.
For those who wish to know more:
http://www.zerohedge.com/news/guest-post-ten-reasons-not-bank-or-bank-america
If you wish to not go to a blog like some flat earther, then don’t click the links!
Citibank is starting 20 dollar a month fees if you don’t maintain 15k balance. An extra 240 a year for nothing for a lot of people.
And Citibank will feel the wrath of the depositors too.
The depositors should demand they pay interest on the funds in their accounts, or pull their money out of the bank. Many smaller banks would be more than happy to accommodate them. It seems that the banks always sock it to the little guy and let the fig fish bank free, less the big fish goes someplace else.
Tell the “Occupy” people that they can go home now.
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