Comment of the Day: Bank of America's Debit-Card Fees

• Unfortunately people don't do their homework when it comes to selecting a bank.  It's like anything else, they provide a service and there is a price.  Be selective and "shop" for your bank; don't just open an account with the nearest big bank that has catchy ads on TV.  If consumers would wise up and reward banks that have lower or no service charges with their business, maybe we'd be able to put an end to egregious fees being charged.  Currently, the profit margin on most fees is around 99.99999%.  I'd love to be able to provide a product or service with that kind of profit margin.

• The CEO of Bank of America has the audacity to say that Bank of America and its stockholders have the right and deserve a BIG PROFIT on the backs of the already financially stressed customers. The C.E.O. also implies that he deserves another $12 million in pay and bonuses this year because he will be getting his bonus from the new fees charged to BOA's customers trying to keep a roof over their heads and feed their families. BOA customers. Quit Ya Bitchin! Close your account and request the money in cash. No transfer. No cashier's check. No money order. Request the money in "cold hard cash." If you are a customer and also own stock. Sell it and request cash. No transfer. No cashier's check. No money order. Request the money in "cold hard cash." If you have a home mortgage, the rates are below 4% for the first time in history. Refinance with another bank if you can. Ask everyone that you know to close their BOA accounts and request the money in cash. No transfer. No cashier's check. No money order. Request the money in "cold hard cash." Let that piece of crap bank fail and dare the government to provide them assistance. Enough is enough.

• It's a shame people will just suck it up and deal with it out of pure convenience.  Personally,  would love to see people go back to using paper checks so the banks would realize how much of a pain in the ass it is to have ot continue processing them.  But of course, there would end up being a fee for that, too, I'm sure.

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