Ugh! And the rich get richer!
Bank of America is implementing a pretty yucky new policy onto their customers.
Starting early 2012, customers who use their debit cards at least once within 30 days will be charged a $5 monthly fee.
BofA users who have a mortgage with the bank, however, will still be able to use their debit cards without the fee, which is pretty unlikely for many customers considering how bad the housing market is right now!
This is just one of many upcoming charges that customers will be seeing as the big banks are trying to recover any revenue that was lost from the financial and banking meltdowns in the past couple of years.
So, why not stick it to the little man - huh BofA? Is that your way of keeping your customers happy? Why don't you go after the huge corporations who are worth millions and billions instead of penalizing the average American who is likely struggling?
[Image via WENN.]
Tags: atm, bank of america, banks, bofa, customers, debit card, ew, fee