BANK OF AMERICA TO CHARGE MONTHLY FEE TO USE DEBIT CARD 9-29-2011

!±8± BANK OF AMERICA TO CHARGE MONTHLY FEE TO USE DEBIT CARD 9-29-2011

Bank of America Corp. plans to charge a monthly fee for its debit-card users, joining a number of other banks that are pressing their customers to help recover lost revenue from new regulations. The largest US bank by assets, Bank of America on Thursday said it will begin charging many of its nationwide checking account customers each billing cycle they use their debit card to make a purchase. The fee, set to kick in early next year, will apply to its standard accounts but won't apply to most of its premium accounts targeted at mass-affluent customers. The fee also will not be triggered by transactions made at automated teller machines. Time to pull your deposits and close your accounts folks. Now why would you pay /month (that's /year!) just to use your debit card? -market-ticker.org www.zerohedge.com

BANK OF AMERICA TO CHARGE MONTHLY FEE TO USE DEBIT CARD 9-29-2011

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