Americans, put your debit & credit cards away and pay with cash !

[Frodo]

Bank of America has apparently had second thoughts:

In Retreat, Bank of America Cancels Debit Card Fee

By TARA SIEGEL BERNARD
Published: November 1, 2011
 
Bank of America said Tuesday that it was abandoning its plan to charge its customers a $5 fee to use their debit cards, just a month after announcing the new fee.

The reversal follows a huge backlash from customers, one of whom collected more than 200,000 signatures urging the bank to rethink its plan.

The bank listened, but only after other large banks had indicated that they would not impose similar fees. Wells Fargo, JPMorgan Chase, SunTrust and Regions Financial have all pulled back on their plans.

“We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee,” David Darnell, co-chief operating officer at Bank of America, said in a statement. “As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so.”

[I spent the winter writing songs about getting better]

Too late, already turned off thousands of customers with this idiocy.

[Beet]

Of course, a lot of consumers wanted to be turned off, because it's cool to hate the banks.

[Wonkish1]

While I have been subjected to the humiliation of paid employment, it has at least been in the traditionally higher calling of 'teaching', and I have as yet to sully my hands with trade.

OMG he's teaching people. God help those kids!