TheStreet tells us that Bank of America's decision to begin charging a monthly fee of $5 for debit card purchases has generated so much uproar among its customers that thousands are threatening to take their business elsewhere.
A poll run by TheStreet last week following its announcement attracted more than 7,000 voters and an explosive number of comments. Of those who voted, 83%, or 5,868 voters, said they were "sick of being nickeled and dimed" and would stop banking with the nation's largest bank by assets.
Only 11%, or 845 voters, said they will just find ways to avoid the fee by using cash, and 353 readers admitted that, much as they hated the fee, they were simply too lazy to switch banks. We took that as an indication that customers really meant it when they said they would shut their accounts.
Hundreds of thousands of customers have signed an online petition to get the bank to roll back its fees...
Find out more at http://www.thestreet.com/story/11271688/1/bank-of-america-customers-are-furious-poll.html
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