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Take your money and run

Bank of America's $5 per month debit card fee is just the tip of the iceberg. Big banks are starting to charge fees for what used to be basic services. In protest, switch to a community bank or credit union. It's more convenient than camping out with the Occupy Wall Street protesters.

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This may well be the future of big banking in America. As almost every man, woman, and child in America knows by now, Bank of America is going to start charging a $5 monthly fee in any month a customer uses his or her debit card. And they’re not the only ones. Chase and Wells Fargo are testing $3 monthly debit card fees in certain markets as well.


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