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B of A Cancels Plan to Charge Debit Card Fee

Posted on 11/2/2011

Bank of America announced yesterday that it is dropping its plan to charge a $5 monthly debit card fee. "We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee," said David Darnell, the bank's co-chief operating officer. "Our customers' voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so."

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