BoA Debit Fee Grows More Difficult to Dodge

By  |  October 25, 2011
 | 
October 25, 2011

 

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    Hope is dwindling for Bank of America customers looking for some way around the FI’s new $5 debit charge scheduled to begin in 2012, according to the Charlotte Observer.

     

    In order for the fee to be waived, the newspaper reports the amount customers will be required to keep with the bank is set to be raised from $5,000 to $20,000. Customers who have a mortgage with the bank will also be exempt.

    The charge, which will be implemented early next year, will only apply to customers buying items with their debit card during the course of any given month. ATM transactions will not trigger the fee.

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    Related: Bank of America CEO Defends Debit Fee in New Interview [VIDEO]


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