posted on Sep, 29 2011 @ 09:16 PM
I have used BofA for years and loved their service. However, I have two checking accounts, each with an ATM card (although I hardly ever use the ATM,
mostly just debit at the counter). That means, without offering me any additional service, they are going to now charge me $120 a year. I'm out.
My son is a college student, do you think he would notice (without me telling him) that they are charging this extra new fee? Not until he starts
bouncing stuff because they have drained his account. As soon as we heard the news this afternoon, my family decided we're heading to the nearby
credit union to open up accounts this Saturday. Will take a few weeks to get everything (autodeposits, automatic payments) moved over and then we're
closing our BofA accounts. I think they will be very surprised by the backlash on this one, just like NetFlix has been (oh by the way, we just closed
that account too). Guess what, the consumer can vote, after all. We still have the power to walk away.