Bank of America to charge $5 monthly debit card fee

[ASUADPi]

I will definitely be closing my BofA account. The fact that they have screwed me over with unauthorized charges (that put my account 500+ in the hole), then they screwed me over with my mortgage (the refused to refinance, even after Obama gave them a HUGE payout. Then they denied my 3 short sale offers, I was finally foreclosed on in May after over 2 years).

I'm switching to USAA.

[Honeykiss1974]

Originally Posted by 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.

Good idea - I was just commenting yesterday to someone about how I NEVER write checks anymore and low and behold, I may start doing it again.

I have a small account with BofA (my real money is in a credit union), but I will be closing it as of Monday once I get my direct deposit changed. A fee to use my money is ridiculous. I'll go back to just using cash for purchases, which is probably going to be better for my wallet anyway (you spend less when paying cash).

[joliebelle]

Originally Posted by ASUADPi

I'm switching to USAA.

I have a checking and savings account with USAA and I will be closing my B of A account soon. I love USAA, but I do like to go into a bank on occasion.

[SWTXBelle]

USAA is the best! I love the deposit@home program - BOOM - I get credit for my deposit instantly. AND atm fees are refunded!

[Ch2tf]

I have a BoA account and will be going into a branch on Monday to get more info. I have 2 checkings and a savings with them. I really don't want to have to switch banks b/c of my direct deposits (and all out being lazy) but I DEFINITELY won't be paying $5 a month to use my debit card.