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(Image from article: "Bank of America nixes $5 debit card fee")

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Bank of America nixes $5 debit card fee

Bank of America Corp. is scrapping its plan to charge a $5 monthly debit card fee. The bank's decision to drop the fee came after a roar of customer outrage in recent weeks over the fee. Other major banks, including JPMorgan Chase & Co. and Wells Fargo & Co., already canceled tests of similar debit card fees last week.

Senh: It's good to see that the banks are listening to their customers. It's also good to see that the public come together and have a positive affect on debit card fees. I only wish the airlines would do the same with their fees.

Bank of America Rethinking Controversial Debit Card Fees

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.

Senh: I think they need to get with the program and start flip-flopping. HP did it by not killing their PC business. Netflix did it by killing Qwikster. And Mitt Romney has already did it several times.

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