October 17, 2011 Brian T. Moynihan Chief Executive Officer and President Bank of America Corporation 401 N Tryon Street Charlotte, NC 28202 Re: Drop the $5 Debit Card Usage Fee Dear Mr. Moynihan: Recent news accounts have indicated that Bank of America will begin charging many of its checking account customers a $5 monthly fee Continue Reading
October 17, 2011 William H. Rogers, Jr. President and Chief Executive Officer SunTrust Banks, Inc. 303 Peachtree Street Northeast Atlanta, GA 30308-3201 Re: Drop the $5 Debit Card Usage Fee Dear Mr. Rogers: Recent news accounts have indicated that SunTrust Bank will charge Basic Everyday Checking Account customers a $5 per month fee in any Continue Reading
Letter to CEO to drop the $3 debit card usage fee pilot
Letter to CEO requesting dropping the $3 debit card usage fee pilot
We imagine the conversation might go something like this…Press play!
Do you have something to say to Bank of America? Soon BofA will charge you $5 a month to use your debit card, even though they’re already collecting enough money from retailers to profit on the processing costs.
CU: It’s unfair for banks to charge consumers when banks collect from retailers to cover debit card costs
October 4, 2011 The Honorable Timothy Johnson Chairman The Honorable Richard Sheldby Ranking Member Committee on Banking, Housing and Urban Affairs United States Senate Washington, DC 20510 Re: Bank of America Debit Fees Dear Chairman Johnson and Senator Shelby: We are writing to express our deep concern over Bank of America’s new fee that will Continue Reading
Congress and federal regulators should investigate the controversial new fee
Consumers Union offers tips to consumers on avoiding fees and how to move your money safely to another bank