Bank of America to charge $5 monthly fee for debit card purchases
Meanwhile, here in the real world in Cedar City UT, the bank I use, the State Bank of Southern Utah, pays interest on their free checking accounts with no minimum balance required, doesn’t charge for debit card transactions, has never taken a dime from the government, made sensible local real estate loans, and is quite solvent.
And when I can walk in, they know who I am, are happy to see me, and answer questions quickly.
Meanwhile BofA is sniveling about the onerous rules the nasty old feds forced on them after bailing them out with billions.
Banks like SBSU are the model for banks. They provide genuine service and build their communities. BofA should be allowed to go bankrupt rather than continuing to be a parasite on the rest of us.