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.
Hello, you’ve reached Mammoth Bank, where you always get what you pay for. We have a special today. Transfer money between accounts for just $5. Make 2 transfers and there’s no fee for the third. Press 1 to take advantage of this special offer. Otherwise please listen to our menu of services.
Press 2 to check your balance. A $1 fee applies. Press 3 to request a copy of your last statement for $19.95.
Press 4 if you want to sign up for our bill-paying service. The one-time fee is just $14.95, and you start saving on stamps immediately.
Press 5 for our mailing address. There is no fee for this service.
At any time, if you’d like to talk to a live customer service representative, press 6. Then press 1 to confirm that you accept the $5 per minute fee. Or you can press 7 to get help from our free automated system. We are experiencing extremely high call volume for free help at this time. Please be advised that your wait time is approximately 16 hours and 4 minutes. There are 789 callers ahead of you.
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.