Last week, Bank of America announced that it would begin imposing a $5 monthly fee for checking accounts that use debit cards. Other large banks are expected to follow suit. We asked listeners for their reactions to these new charges, and received many responses, including this from J.B. from Massachusetts:
I am a BofA customer and I am not happy about the fee. I use my debit card all the time instead of a credit card, but that will change based on principle. I wonder, how big were bonuses last year and how big will they be this year? I wish they would look inside BofA for ways to save. Maybe cutting back $1 million from the CFO would help the bottom line as well!