Bank of America to Charge Monthly Debit Card Fee Starting Next Year

September 29, 2011 Updated Sep 29, 2011 at 2:58 PM EDT

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Bank of America to Charge Monthly Debit Card Fee Starting Next Year

September 29, 2011 Updated Sep 29, 2011 at 2:58 PM EDT

According to a story on CNN.com, Bank of American plans to start charging a $5 monthly fee for debit card users beginning next year.

Users will not be charged if they do not use their debit cards, and users will also not be charged for ATM withdrawals, according to the report.

Read the CNN.com story HERE.