Bank of America to charge $5 monthly debit card fee

[Xidelt]

Hellooo credit union! I just need to find one with a location that is convenient to me because I occasionally need to hit the ATM for deposits or account transfers.

[AXiDTrish]

Regions is starting a $4 charge for the same thing. Sucks because the chapter accounts are there and they haven't budgeted for that.

[33girl]

That bank is so random. They have ATMs in several of the malls here, but as far as I can tell, no actual physical branch. I could understand at the airport but some of the places they have them make no sense. With ATMs for the local banks everywhere, I don't see how they make money.

[NinjaPoodle]

Originally Posted by Xidelt

Hellooo credit union! I just need to find one with a location that is convenient to me because I occasionally need to hit the ATM for deposits or account transfers.

Got out of the banks YEARS ago. I was with my CU from 91' until they merged with another CU. I left the "new" CU because they weren't even based in San Francisco.They were in bankrupt-ass Vallejo of all places plus the associates were not friendly. THere were some other issues I had with them so I said See ya! I moved my $$ to another CU in the city with a good number of ATMS and locations. They have decent rates and good investment plans and they are right around the corner from school.

BofA is going down. Their stock closed yesterday at $6.40.

[TonyB06]

Dear PNC,

Let Bank of America act a fool if they want to, but don't you get froggy. If you do, you will be a&& out with me.

If you think I'm playing, go ask your friends over at Capital One who still send me "please come back" letters every other month asking me to come back after some new "here's a slick way for me to gouge you some more" ignorant policy they instituted.

not.

[DaffyKD]

Originally Posted by TonyB06

Dear PNC,

Let Bank of America act a fool if they want to, but don't you get froggy. If you do, you will be a&& out with me.

If you think I'm playing, go ask your friends over at Capital One who still send me "please come back" letters every other month asking me to come back after some new "here's a slick way for me to gouge you some more" ignorant policy they instituted.

not.

Capital One never learns. I left them about 6 years ago when they started to mess with me. I have since moved and I still get the "please come back. We are so wonderful that we will give you the best interest rate." Yeah, mess with me once, shame on you-- mess with me again, shame on me. So far they have had absolutely no change to screw me again.

DaffyKD

[Mevara]

Originally Posted by Xidelt

Hellooo credit union! I just need to find one with a location that is convenient to me because I occasionally need to hit the ATM for deposits or account transfers.

Credit unions have agreements with other cu to allow use of their ATMs. As long as the ATM displays the COOP symbol you can use it with out a fee.

[lovespink88]

Originally Posted by Mevara

Credit unions have agreements with other cu to allow use of their ATMs. As long as the ATM displays the COOP symbol you can use it with out a fee.

I don't think this is necessarily true for all CUs. I bank with a CU and I had thought that if that sign was on the ATM it meant I could do free withdrawls there. Not true. I had to look up on my bank's website to see which ones were actually free. A little annoying, but now I know where the free ones are it's not an issue.

[DeltaBetaBaby]

Originally Posted by Xidelt

Hellooo credit union! I just need to find one with a location that is convenient to me because I occasionally need to hit the ATM for deposits or account transfers.

A large number of CU's participate in "shared branching", wherein you can use the ATMs or physical locations of other CU's for basic stuff (deposits and withdrawals, mostly).

[AlphaFrog]

I have an account with BofA, but I also have one with Suntrust. I was thinking that it would be no biggie - I put everything on my credit cards and pay them off at the end of the month anyway, since I have a UPromise for personal use and a BankAmerica Cash Rewards for business use, so I get cashback rewards anyway. I figured if I ever HAD to use debit, I would have my SunTrust debit card. I GOT A LETTER FROM SUNTRUST YESTERDAY THAT THEY'RE DOING THE SAME THING!

Oh, well. Back to the dark ages of check writing (in situations where credit cards aren't accepted but debit are), I guess.

[BetteDavisEyes]

I'm with Wells Fargo and haven't had to deal with any of this. I have a different type of account though b/c my hubby & I keep our balances above a certain amount so we get the free checking & savings account and use of our debit cards. Of course, I realize not everyone is in the same position as us to keep certain balances in their accounts for this to be helpful but if WF started charging us regardless of balances, I'd leave them and go to my local CU as well.