Bank of America Drops Proposed Debit Card Fee!
On November 1st, Bank of America announced that it would not move forward with implementing the debit card fee. BofA co-chief operating officer David Darnell stated in a press release, “We have listened to our customers very closely over the last few weeks and recognize concern with our proposed debit usage fee. Our customers’ voices are most important to us. As a result, we are not currently charging the fee and will not be moving forward with any additional plans to do so.”
Hundreds of thousands of consumers joined the movement to push Bank of America, and its competitors, to eliminate its $5 debit card fee. In less than one month, Bank of America went from announcing the fee, to reeling under huge pressure from the media, Congress and Change.org. When Bank of America announced that it was restructuring the fee, Molly and others continued to push the Bank until it agreed to end the fee for all customers.
The decision marks an incredible victory for Molly and over 306,000 other customers who signed her petition. Using Change.org, Molly was able to recruit hundreds of thousands of people across the country to join her in successfully challenging one of America’s most powerful financial institutions – and also influencing the behavior of other major banks.
Thanks for being an awesome Change Maker!
Thanks for being an awesome Change Maker!
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