01
Nov
11

CBS Chicago

CHICAGO (CBS) — Giving in to public pressure, Bank of America said Tuesday that it was scrapping plans to charge a $5 monthly fee for using a debit card for purchases.

CBS 2’s Dorothy Tucker reports on the surprising flip-flop.

A big bank actually listened to its customers and that message was loud and clear – consumers did not want to pay $5 a month to use their debit cards.

[worldnow id=6408155 width=385 height=288 type=video]

People do it all day long – swipe their debit cards to buy groceries, clothes and other goods.

Bank of America wanted to charge for that privilege. That got lots of customers thinking about leaving, until Tuesday’s news.

One Bank of America debit card holder, Jordan Rummel said he feels as if this is a “David and Goliath” story.

“I’m happy they decided to revoke it,” he says, “I was ready to jump ship.”

[worldnow…

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