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NEW YORK (CNNMoney) -- Get ready for a new wave of bank fees. Bank of Americ
a will begin charging a $5 monthly fee at the beginning of next year for cus
tomers who make debit card purchases.
Whether you use your card for one purchase a month or 20, you will pay $5 pe
r month starting in 2012. It doesn't matter if you select "debit" or "credit
" at the point of sale.
If you don't use your card at all, you won't be assessed a fee, and you can
still use ATMs as much as you want without getting hit with the new charge.
Plus, customers with certain premium accounts will be exempt from the charge
.
a will begin charging a $5 monthly fee at the beginning of next year for cus
tomers who make debit card purchases.
Whether you use your card for one purchase a month or 20, you will pay $5 pe
r month starting in 2012. It doesn't matter if you select "debit" or "credit
" at the point of sale.
If you don't use your card at all, you won't be assessed a fee, and you can
still use ATMs as much as you want without getting hit with the new charge.
Plus, customers with certain premium accounts will be exempt from the charge
.