Bank of America Cancel Debit Charge

The people were heard. Bank of America has announce that they will follow Wells Fargo and Chase Bank and not charge their customers a $5.00 fee a month to use their debit card. After months of bad press and threats from customers that they would move their accounts to other banks, including smaller local banks, Bank of America decided to reverse its course.

It will be interesting to see the affects of the original announcement will have on the Bank. How many customers did move their money and how will continue to do so because of the bad taste left in their mouths.