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BoA not going to charge $5 debit card fee

Yeah, I'm going to be leaving them soon, I think. Just not sure where.

Maybe Fidelity checking? Anyone have recommendations?

Changing banks is such a PITA, and I only tend to do it when I move to another state. That being said, BoA hasn't personally screwed me over in any way--yet--but they have been a PITA for family members with mortgage and insurance.

Only thing is, I still have my vehicle loan with them. :\
 
We closed our Wells Fargo account on Saturday. The account's only use was for paying our HOA fees which we were too lazy to move over to BofA. Well, once WF notified us that they were adding requirements to exempt yourself from a higher monthly checking fee of $15, I went in and closed it with a smile on my face.

The only issue now is what we should do about BofA. I'm with everyone else in not being a big fan of the company, but our mortgage is with BofA along with a few retirement/investment accounts in ML and we aren't currently incurring any fees. For now, I think we'll stay with them due to the pain in the ass it will be to change everything out, and in the end, we'd still have our mortgage there.
 
I still plan to dump them. Just waiting for my tax refund (which will be huge this year) so that I can move all my direct debits across in an orderly fashion...
 
I haven't had any banking problems with BOA. I wouldn't get a loan with them, but other than that, I will stay till I see a fee I deem unreasonable.
 
I recognize that business needs to make money and that the Dodd bill created this mess. However, it was the banks that begged everyone to get debit cards so they could get a cut of that sweetness. Now that the fees were lowered they decide to take it out on their customers--simply to maintain that level of revenue. That was completely stupid especially in this economy.
 
amddude said:
I recognize that business needs to make money and that the Dodd bill created this mess. However, it was the banks that begged everyone to get debit cards so they could get a cut of that sweetness. Now that the fees were lowered they decide to take it out on their customers--simply to maintain that level of revenue. That was completely stupid especially in this economy.
Click to expand...

Yes. The banking industry and BofA in particular, however, believes that they're entitled to profit: http://www.globalpost.com/dispatch/...states/111006/brian-moynihan-bank-america-ceo

Fuck them.
 
Kadarin said:
Yes. The banking industry and BofA in particular, however, believes that they're entitled to profit: http://www.globalpost.com/dispatch/...states/111006/brian-moynihan-bank-america-ceo

Fuck them.
Click to expand...

It's a publicly traded company, of course they want to make a profit; surely you've seen the massive negative backlash when a company doesn't meet quarterly/yearly estimates, they have every reason to want to keep their numbers up.

And there's a difference between "right to" and "entitled to".
 
Kadarin said:
Yes. The banking industry and BofA in particular, however, believes that they're entitled to profit: http://www.globalpost.com/dispatch/...states/111006/brian-moynihan-bank-america-ceo

Fuck them.
Click to expand...

Oh no! Profit! How dare a company be in business to make profit.

We bailed them out. THAT was the mistake. Now, they can act just like any other company, and I continue to use and support Bank of America. And I'm *not* a shareholder.

I'd stay with them even if they charged me $10/month instead of $5 for the debit card fee. Their national ATM network and same day posting of checks is well worth it to me.

They should have gone bankrupt. They didn't because taxpayers bailed them out. But they shouldn't have to play by special rules.
 
BoA, from what I hear, is not a bank you want to do business with. Think they got to big for their breeches.
 
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darkewaffle said:
It's a publicly traded company, of course they want to make a profit; surely you've seen the massive negative backlash when a company doesn't meet quarterly/yearly estimates, they have every reason to want to keep their numbers up.

And there's a difference between "right to" and "entitled to".
Click to expand...

manlymatt83 said:
Oh no! Profit! How dare a company be in business to make profit.
Click to expand...

NO COMPANY has the "right to make a profit". They have the right to offer products and services that I may choose to purchase, and they can try to make a profit off of that, but they do NOT automatically have a right to profit just for existing.
 
I haven't really had any problems with BoA. I like that there's an ATM on every corner and branches all over the place. The smart ATMs are pretty nice.

If something ever does happen to prompt me to switch I suppose I'll go to one of those banks that allow android/iphone deposits.
 
Kadarin said:
NO COMPANY has the "right to make a profit". They have the right to offer products and services that I may choose to purchase, and they can try to make a profit off of that, but they do NOT automatically have a right to profit just for existing.
Click to expand...

No one said that. And if they did, it isn't what they meant.

They have a right to ATTEMPT to make a profit. And this is their way of doing so. And I for one support the $5 fee. It'll weed out all the idiots who want something for nothing and perhaps get me better customer service.
 
manlymatt83 said:
And I for one support the $5 fee. It'll weed out all the idiots who want something for nothing and perhaps get me better customer service.
Click to expand...

Let me know how that works out for you...while I don't pay a fee and *still* get great customer service with our credit union.
 
manlymatt83 said:
No one said that. And if they did, it isn't what they meant.

They have a right to ATTEMPT to make a profit. And this is their way of doing so. And I for one support the $5 fee. It'll weed out all the idiots who want something for nothing and perhaps get me better customer service.
Click to expand...

I seriously doubt it would have resulted in better customer service. This was a move to make up for lost fees they used to get. At best you'd get the same customer service. If people left the bank, you'd probably get worse customer service as they would have less money to spend on it.
 
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