Wednesday, November 2, 2011
Bank of America backs down
Bank of America recently announced its plan to charge debit card holders a monthly fee of five dollars. Bank of America members were out raged by this and threatened to leave the bank unless the plan was changed. this small change in membership would make the bank an estimated 410 million dollars in just one month. because people were so repulsed by this plan the bank has discontinued the plan to charge debit card holders merely to retain members. the bank is even offering holders free admission to select museums this weekend as part of there "museums on us program." in my opinion bank of America really messed up by trying to pull a quick one their members and they will now pay for it in the upcoming months. i wonder how many insulted and angry members will switch banks this month.