Sep. 29th, 2011

melchar: medieval raccoon girl (adams)
So Bank of Atrocity* will start charging debit card holders $5 a month to use their cards 'only for non-ATM transactions'. The report says other banks are prepared to do the same. Yup. My cynical side has been expecting this ... since debit cards were introduced. I was guessing it would take about 15 years to institute - and it's been juuuust about that long [closer to 20 years]. Give folks a 'generation' of use, then start charging.

I wonder how many sheeple will stop using debit cards & remember that checking accounts still exist/only use the ATMs/or actually just walk in to do inside-the-bank transactions. Cynicism opines 'very few' will so do.


[* BoA has directly messed up bank balances for/charged wrongly/arranged erroneous overdrafts on/mistakenly foreclosed upon/ignored their own rules for lending - on more of my friends and family than any other bank or banks put together, so I am rather put out with them.]

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