Georgia’s Bank of America customers can heave a sigh of relief as the bank drops its planned 2012 $5 debit card fee charge. Currently the bank has 213 branches within the state and as many as 657 ATMs in order to support their customers here, but an increase of $5 monthly could have impacted that base adversely according to vocal criticsim reported by Reuters.
Georgia customers who utilize the country’s second-largest bank enjoy the ability to transfer funds without cost between fellow BofA users, making it easy to move money from a parent’s account into a college student’s account elsewhere in the country. There is also the benefit of free checking accounts for students and other benefits.
“I really like the service I get at Bank of America, and I was glad to hear they dropped the plan to charge a $5 fee to use my debit card. They are a great bank, and I’m glad they listened to the public about this,” one BofA customer said.
If Bank of America had moved forward with their $5 debit card charge it appeared they would have potentially suffered a reversal of banking business around the country, choosing instead to follow the lead of J.P. Morgan Chase & Co as well as Wells Fargo, which both dropped their test programs about adding such a fee.
“This isn’t the first time Bank of America has done the right thing by their customers in my opinion. If I ever have a problem with my account all I have to do is call their 800 number and they always make it right. They are definitely customer-friendly,” J. Smith said.