Bank of America Corp. has called off plans to charge customers a $5 debit card fee, the bank said Tuesday.
In a brief statement, Charlotte, N.C.-based BofA said plans to charge customers $5 per month to use a debit card will be canceled because of negative customer response to the fee.
The bank's statement:
In response to customer feedback and the changing competitive marketplace, Bank of America no longer intends to implement a debit usage 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, co-chief operating officer...