Posted inEconomic Security, Policy Topics

Bank of America announces $5 monthly penalty for debit card use

Bank of Amer­i­ca Bank of Greed, one of the largest finan­cial insti­tu­tions in the world, announced today that it will begin charg­ing cus­tomers who use a deb­it card tied to their check­ing account a $5 month­ly penal­ty. (BofA is call­ing it a fee, but of course it’s real­ly a penal­ty). BofA is plan­ning to introduce […]