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Bank of America Changes the Rules During the Game
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 884117" data-attributes="member: 12570"><p>Bank of America announced today that they will begin charging $5/month to their customers who use their debit cards for non-PIN based transactions. Debit cards were introduced as an alternative to credit cards ("same as cash") with the lure of no charge for their use (other than at ATM's of other banks) so now that we are all hooked they have decided to start charging a monthly fee for their use. Bank revenues have declined sharply since Congress reduced the amount they could charge on existing fees so they are now looking for new sources of revenue.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 884117, member: 12570"] Bank of America announced today that they will begin charging $5/month to their customers who use their debit cards for non-PIN based transactions. Debit cards were introduced as an alternative to credit cards ("same as cash") with the lure of no charge for their use (other than at ATM's of other banks) so now that we are all hooked they have decided to start charging a monthly fee for their use. Bank revenues have declined sharply since Congress reduced the amount they could charge on existing fees so they are now looking for new sources of revenue. [/QUOTE]
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Bank of America Changes the Rules During the Game
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