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

Categories: Whatever

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We have some great commenters here on Hair Balls, and it's time we paid some damn attention to them.

So we'll be highlighting a Comment of the Day each morning, from the previous day's work. Maybe two comments, even.

This will all be determined by a highly rigorous scientific formula involving wit, clarity and whatever else we feel like at the moment.

We looked at Bank of America's controversial new debit-card fees, saying that if they had just charged them from the beginning -- like cell-phone companies did with text messaging, which costs them nothing to provide -- there'd be no hoopla.

A reader chimed in.

Jim C wrote:

Well, it's not like people don't have a choice. They can always go back to using cash and checks. Or switch to a bank that can handle money better than Bank of America. Which, as it turns out, would be any other bank IN America.

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3 comments
Richard Doll
Richard Doll

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.

WeThePeoploe
WeThePeoploe

The CEO of Bank ofAmerica has the audacity to say that Bank of America and its stockholders havethe right and deserve a BIG PROFIT on the backs of the already financiallystressed customers. The C.E.O. also implies that he deserves another $12million in pay and bonuses this year because he will be getting his bonusfrom the new fees charged to BOA's customers trying to keep a roofover their heads and feed their families.

BOA customers. Quit YaBitchin!

Close your account andrequest the money in cash. No transfer. No cashier's check. No money order.Request the money in "cold hard cash."

If you are a customerand 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 homemortgage, the rates are below 4% for the first time in history. Refinance withanother bank if you can.

Ask everyone that youknow to close their BOA accounts and request the money in cash. No transfer. Nocashier's check. No money order. Request the money in "cold hardcash."

Let that piece of crapbank fail and dare the government to provide them assistance.

Enough is enough.

Jason
Jason

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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