Looks like I have another confession.
This hasn’t happened to me since grade school, so I’m a bit at a loss for words on how to say it.
I’ll just blurt it out.
I was wrong. *winces in pain*
Unfortunately, now that Bank of America has made the asinine move to charge their customers for debit card use, other idiots will surely follow.
Well, the “other idiots” didn’t follow. Wells Fargo and JPMorgan Chase considered going the Bank of America route, but were ultimately like, “Nah, man. That’s all right.” SunTrust and Regions announced they were dropping their debit card usage fees. Days later, Bank of America got in line with their competitors.
After hearing this news, I felt a shared sense of victory. The people had made their outrage known, and the evil megabank was handily defeated.
But, true to form, I got to thinking. (I can’t help it. It’s just how I am.)
Have you ever watched a movie scene where a good guy is fighting a bad guy?
The story always plays out exactly the same.
The good guy bashes the bad guy over the head and knocks him out. Or so he thinks. As soon as the good guy turns his back, the bad guy rises like a stealth, predator drone, and bludgeouns the good guy to death.
In case my analogy is unclear, Bank of America is the bad guy here, kids.
To defeat a bad guy, you gotta knock him out, pull your 9mm from your waist band, and blow his brains out.
Don’t let that pretty, empty, little skull of yours think for a nanosecond that Stank of America won’t find another way to shake you down for an extra $60 a year. (They can’t help it. It’s just how they are.)
Sadly, the only thing learned from this ordeal is fees should be less transparent.
Just when you thought savings account interest rates couldn’t get any lower, they’ll drop a little bit more. The interest rate on revolving lines of credit will begin to creep up. Bank of America and their cohorts may not do it right away, but believe me, it’s comin’. Which is why they still can go straight to hell.
Get out now.
Seek refuge in a more trustworthy financial institution such as ING Direct, Charles Schwab, a community bank or a credit union.
Did Bank of America’s decision to abandon the monthly debit card fee change your mind about their evilness?