Tell Bank of America to drop its new $5 debit card fees Dear Consumer, Bank of America just can't help itself. The nation's largest bank just announced that it will force customers to start paying a new fee of $5 every month -- just to use a debit card. This is the same bank that nearly tanked our economy with their reckless behavior, took $45 billion in taxpayer money, has kicked tens of thousands of families out of their homes, and has been repeatedly criticized for gouging consumers. It's just one fee too many for Bank of America customer and Change.org member Molly Katchpole. "I can barely afford to make ends meet," said Molly, who works two part-time jobs in Washington, DC. "Now I'm expected to hand over money to Bank of America each month just for using my own debit card?" Molly started a petition on Change.org demanding that Bank of America CEO Brian Moynihan cancel the bank's new $5 monthly debit card fee. Sign her petition now to stop Bank of America's new fees. Even if you're not a Bank of America customer, this should matter to you. This campaign will show other banks who are planning to follow suit that the public won't stand for Wall Street's newest way to take money from its customers -- and that they will take their money somewhere else. Bank of America's announcement this week about its new $5 debit card fee was no coincidence. On Saturday, new federal laws go into effect that stopped the bank from charging other fees that were deemed unfair. So in order to keep up their record profits, Bank of America's solution was to invent a new, unregulated fee to stick on its customers. There's still time to stop this new fee: Please sign Molly's petition on Change.org to pressure Bank of America to cancel its new fee, and stop other banks from thinking about creating their own debit card fees. Click here to add your name: Economic Justice Petition: Tell Bank of America: No $5 Debit Card Fees | Change.org Thanks for being a change-maker, - Jess and the Change.org team
Do people still use debit cards? Lol...I certainly realize a lot of people do, but I can't remember the last time I pulled any of mine out. I use credit cards for everything and get A LOT more in rewards every year than I would using a debit card. I'm still not a fan of the $5 fee BofA has announced, but I can't say it surprises me in the least. We can all expect to see a lot more of these types of fees in the coming years.
There are a lot of people that use their debit cards. Not everyone has a high enough credit limit on their credit cards to use them for daily purchases. They are either starting their own credit or rebuilding their credit. Your right I think there will be more bank fees coming our way. Thanks! Heather with BoostMyScore.NET
There is a new update with BofA bank fees. Dear Consumer, When Molly Katchpole found out that Bank of America would charge $5 a month to use a debit card, she was upset -- so she started a petition on Change.org. Since then, 225,000 Change.org members have signed her petition. And now Bank of America is under enormous pressure to cancel its new debit card fee. A Bank of America executive even called Molly and told her that while cancelling the fee would be "premature," the bank was "closely monitoring customer feedback." More public pressure could be enough to push the bank to cancel its new $5 debit card fee. Can you sign Molly's petition asking Bank of America to cancel its new debit card fee? Bank of America is listening to you -- and other banks are, too. In less than three weeks, Bank of America went from announcing a new $5 monthly debit card fee, to reeling under huge pressure from the media, Congress, and Change.org members. Here's a quick review of what happened: â?¢ September 29: Bank of America announces a new $5 monthly debit card fee. â?¢ September 30: Molly creates her petition on Change.org; more than 150,000 people sign in the next 5 days. â?¢ October 5: The petition becomes a major national story. ABC News interviews Molly, then tracks down Bank of America's CEO Brian Moynihan and forces him to respond to it. â?¢ October 6: Molly delivers 153,000 petitions to Bank of America and closes her account. She appears on ABC World News again to discuss the petition. Local media in Charlotte (where Bank of America is based) openly speculate that the growing controversy could lead to the firing of Moynihan. â?¢ October 9: Molly is featured in a major article in the New York Times as an example of the public's frustration with big banks. â?¢ October 10: Bank of America executive Andrew Pepler calls Molly Katchpole to discuss her petition. â?¢ October 13: Molly meets with Congressman Brad Miller to discuss a bill in Congress to make it easier to switch banks. The two later appear on CNN together. â?¢ October 18: Molly's petition reaches 225,000, as Bank of America reports a $6 billion profit. The outrage continues to grow. Other banks are paying attention to the public reaction to Bank of America's new debit card fee. Citibank even said its "customers made it abundantly clear" that they wouldn't like a debit card fee. What's next in this campaign to cancel Bank of America's $5 debit card fees? It's up to you. Please sign the petition demanding Bank of America cancel its new $5 monthly debit card fee. Click here to add your name: Economic Justice Petition: Tell Bank of America: No $5 Debit Card Fees | Change.org Thanks for being a change-maker, - Jess and the Change.org team
