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Score one for a Customer Rebellion: Banks to Drop $5 fees!

submitted by NetRunner

1 decade 2 years 6 months ago

YouTube Description:

How a 22-year-old used Change.org to challenge one of America's largest financial institutions. ABC World News With Diane Sawyer 28-10-2011.http://www.change.org/petitions/tell-bank-of-america-no-5-debit-card-fees

4 Comments

So happy to see that people sharing information can make some change in the world. Today I heard some other news about BoA: http://videosift.com/video/Bank-of-Americas-Death-Rattle

Bank of Give Us your Money so We can Charge you Fees anytime you try to Access it or BoGUyMsWcCyFayttAi for short.

Sounding like their ploy to try and get people angry at the government, for daring to regulate, by means upping their direct fees has back fired a bit.

it amazes me so many customers use big banks and not credit unions

NO - They said Bank of America is "Refining" their program (making it easier to avoid paying fees)
It didn't say, they are "Canceling" the fee.

Refining means they will massage the rules a bit to satisfy customers, but they will move the fee around and institute it in a different way - rest assured, they will find a way to get you on their side AND get their money.

(Don't count your chickens...)

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