Two months ago, Bank of America proposed a monthly service fee that would affect most debit card customers. The announcement was immediately met with disdain and criticism. It seems that the bank has wizened up. David Darnell, the bank's COO, announced today that Bank of America has decided against the monthly service fee. "We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee. Our customers' voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so."
Wise decision Mr. Darnell.
