Bank of America should change its name
By Ray Hanania — Bank of America really doesn’t deserve to carry that name. They are not very American. Or at least, they don’t seem to care much about the American people.
The bank announced it would impose a $5 monthly fee on its bank customers to use their ATM cards.
For those few out there who don’t know what an ATM card is, it is a Debit Card that takes your money out of your checking account without writing a check.
Why would they do that to their customers, you might ask? Greed? Stupidity. Greed? Greed?
Ironically, the Bank of America decision to impose the $5 fee comes right at the time when the U.S Congress is seeking to limit the outrageous profits the banks have been making off of most Americans. But worse, it comes at a time when most Americans are using Debit Cards as an alternative to credit cards as they struggle to get out of credit card debt.