Will You Cancel your Bank of America Account?

Discussion in 'Economy' started by PLYMCO_PILGRIM, Oct 1, 2011.

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Are you going to stay with Bank Of America with the new debit fees

  1. Yes, I will keep my Bank of America Account

    3 vote(s)
    7.1%
  2. No, I will cancel my BOA account

    7 vote(s)
    16.7%
  3. Undecided

    6 vote(s)
    14.3%
  4. I'm not a BOA customer but if I was I would keep my account

    3 vote(s)
    7.1%
  5. Not a BOA customer but if I was I would cancel my account

    23 vote(s)
    54.8%
  1. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    Bank of America debit fee is only the latest | Consumer News | Seattle News, Weather, Sports, Breaking News | KOMO News

    I for one, on Monday, am going to my local bank of america branch to ask to be exempted from these fees. If they refuse i will cancel my acccounts with them.

    What are you going to do if you are a customer?
     
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  2. Baruch Menachem
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    Baruch Menachem '

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    This is a result of asinine regulation. Congress passed a law on the fees the banks can charge stores for use of the cards.

    One would think this falls under the rubric of unintended consequences, but given the rhetoric out of the Democrat party, I think this whole plan is deliberate
     
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  3. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    I already opened an account in a local Bank a year ago, this just motivates me to change my SurePay from BofA to them.
     
  4. Big Fitz
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    Big Fitz User Quit *****

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    The Dodd Fwank Consumer "Pwotection" Act fucked the consumers again. Even moreso with the Durbin Amendment.

    Good job liberals. Fuck the little guys again.
     
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  5. Wry Catcher
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    Wry Catcher Platinum Member

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    Move all accounts to a credit union, and use their credit cards too. Remember, Bankers are not your friend, banks and insurance companies are predators whose only goal is to profit from the fruits of your labor. The larger the bank, the greater the threat to your financial security.
     
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  6. Wry Catcher
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    Wry Catcher Platinum Member

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    Not even a good spin, BF; choose who you select your talking points from more carefully.
     
  7. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    There is no spin involved. It's 100% truth. It's not just Bank of America. Almost all the major banks are adding a debt card fee to make up for the lost profits they can now no longer get from the merchants due solely to the Durbin Amendment. People warned that this is what would happen if it passed and became law.

    Like always, you put party before country.
     
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  8. skipper
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    skipper VIP Member

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    It's OK with Warren 'I want to pay more tax' Buffett. He says "They can certainly go to another bank or financial institution to get a debit card."
     
  9. Big Fitz
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    Big Fitz User Quit *****

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    I've heard two other major banks are readying to start charging 3 bucks a month for the "Priviledge" of having a credit card.

    When are you commies gonna get the point you can't make business pay taxes and not cover their expenses or protect their profits? They just transfer it onto the little guy or close shop and that's the way it goes. It's called Market Economics and you can't legislate that away.
     
  10. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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    Yep, the result of unintended consequences strikes yet again when the government pokes its ever obtrusive nose into the private business sector.
    Some fools want the government intruding even more.
     
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