Sunday, October 02, 2011

Bank of America complains it needs more money

Bank of America states it wants to squeeze more money from Americans and those who chose to use that bank's debit card. Now, that they are entangled with B of A, B of A wants to close the noose. They want to charge $5.00/month for using the debit card and many customers find other unwarranted fees slipped onto their monthly bank statements. Check those statements every month.

I say fight back. Drop the debit card. Read all bank correspondence and if the bank will not drop the fees, move your account to a place like Allied Bank. Don't use ATM's. Pay off your credit cards. As a nickel-and-dime protest, go into the bank everyday and drink their coffee for free. Five cups of coffee a month will equal the cost of five McDonald's coffees and erase the effect of the debit fees on your finances. The coffee protest is more of a visual protest.

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