Bank of America Debit Card Fees Slammed as "Durbin Tax"

Bank of America Debit Card Fees Slammed as "Durbin Tax" - Forbes: Last week, Bank of America shocked customers when it announced that it would begin charging $5 per month for using their (well, your) debit cards. The fee kicks in beginning 2012 and would apply to debit cards to make purchases but would not apply to ATM withdrawals (those are subject to other fees), online bill payments (also subject to other fees) or mobile phone transfers (may be subject to other fees).

Bank of America isn’t alone. Wells Fargo has made noise about a new $3 per month fee for debit card usage and J.P. Morgan Chase has signaled that they would impose a similar fee.

Thanks again for screwing the American people, Senator Durbin. You dick! (pun intended)