Bank of America Cancels Plans for $5 Monthly Debit Card Fee

creditcard3 150x150 Bank of America Cancels Plans for $5 Monthly Debit Card FeeBank of America announced Tuesday that it was going to ax its plan to charge a monthly $5 debit card fee, according to USA Today.

The reversal follows the move of Netflix, which recently reversed its plan to split the company into two separate services, due to consumers strongly voicing their displeasure.

Read more: http://www.usatoday.com/money/industries/retail/story/2011-11-01/consumer-backlash/51032364/1 

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