GolfHos

They're going to charge 5 bucks a month to use your debit card for POS purchases, no matter how many or how few times you use it.

Here's a thought: If you don't want to pay the 5 bucks, don't use the friggin' thing!

It's ALL in the customer's hands, and that seems fair enough to me.

Looks like Citibank is next.

Citibank is next with a new banking fee
http://www.latimes.com/business/la-fi-1001-citi-checking-fees-20111001,0,5755568.story

I'm pretty indifferent.  I've never used a debit card for purchases.

I was actually short BofA for a while but covered late last week.

yeh, people who can't qualify for credit cards will love losing $60 more a year

Or they could pay cash and keep the 60 bucks.

how exactly do you stick cash into an order on amazon, ebay, costco.com or whatever else people in theory--- that bad off--- should be spending at to save $ ?

Honestly: I had not thought of that! My scenario involves being at the grocery or some other brick and mortar store where your options are to use a $5.00 per use out of network ATM or to pay the 5 bucks once a month for as many times as you want to use it. That's still not as good as free, but it's better than 5 bucks an occurence.

Here's one idea: Prepaid Visa?

So I did something TOTALLY shocking: I went to the bank and asked them. Online purchases made with a Visa or MC  logoed debit card will not be subject to the fee, although they were unclear  on if anybody even takes a flat out debit card on line and whether or not that would apply.


Like I said, not that huge a deal.