posted on Mar, 27 2013 @ 07:25 AM
reply to post by texasgirl
I remember the $5 fee attempt. To me, BoA is a double-edged sword. Their online bill pay and sheer size make it real easy to pay anyone very fast.
They definitely have downsides though. My wife's debit cart had some strange Walmart.com charges recently that she didn't make, so she obviously
requested a new debit card and had to fight and argue against paying a fee for it. She finally got them to waive the fee, but what was on the account
a few days later? The fee. It was ultimately reversed, but only after threatening to close our accounts.
I also remember some issues a few years back where they would actually process smaller debit card purchases first, then large transactions like a
mortgage or car payment last. This caused people who don't keep a few extra dollars in their account to sometimes have overdraft fees or have an
important bill become late and incur a late fee.
Long term, I'm not too confident in the banking stability in the US. Personally I think that Cyprus was a test of sorts, and even Bernanke wouldn't
rule out something similar here in extreme circumstances. The worlds economy can only be artificially propped up for so long before something has to