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Pressured BofA cancels debit card fee - UPI.com
Bank of America said Tuesday it was canceling plans to implement a monthly $5 fee for debit card accounts.
"We have listened to our customers very closely over the last few weeks and recognize their concern with our proposed debit usage fee," bank Co-chief Operating Officer David Darnell said in a statement.
"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," he said in a three-sentence company statement.