BofA Likely To Alter Rules For Debit Card Fees After Criticism

I hope these banks realize that they cannot continue to business the same way. People are now aware of the games and will not tolerate it so easily. I have yet to understand why I have to pay to get my money out of the bank. This has been going on for too long!!!

Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.

The second largest U.S. bank is likely to allow many customers to avoid the fee by taking measures such as maintaining minimum balances, having paychecks direct deposited, or using Bank of America credit cards, the person said.

Under earlier plans, customers might have needed balances totaling $20,000 across all their Bank of America accounts to avoid the fee.

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