Arab Today, arab today bofa drops plan for 5 dollars debit card fee
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

BofA drops plan for 5 dollars debit card fee

Arab Today, arab today

Arab Today, arab today BofA drops plan for 5 dollars debit card fee

Washington - Xinhua

Bank of America, the second- biggest U.S. bank, announced on Tuesday it no longer planned to charge 5 U.S. dollars a month for debit usage in response to customer feedback and the changing competitive marketplace. The bank had planned to start collecting the debit-card fee as of January, but dropped it after listening \"to our customers very closely and recognizing their concern with our proposed debit usage fee,\" said David Darnell, co-chief operating officer, in a statement. The bank said a month ago it would charge customers who used their debit cards for purchases if they had less than 20,000 dollars in total balances or lacked a mortgage or Merrill Lynch brokerage account, drawing broad criticism from customers and politicians that it would mostly hurt lower-income customers. Bank of America was the last among the biggest five U.S. lenders to scrap the fee after JPMorgan Chase & Co and Wells Fargo & Co decided to cancel similar charges. Banks began designing the monthly charges to redeem revenue lost due to the limits, mandated by the Dodd-Frank Act law, which slashes the fees banks charge retailers when consumers swipe their cards.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bofa drops plan for 5 dollars debit card fee Arab Today, arab today bofa drops plan for 5 dollars debit card fee

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bofa drops plan for 5 dollars debit card fee Arab Today, arab today bofa drops plan for 5 dollars debit card fee

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday