Would you pay five dollar to use your debit card?

Big banks are starting to listen to their customers now. Recently Bank of America scrapped its plan to charge its customers a $5.00 monthly fee to use their debit card, after thousands or customers closed their accounts re-opened accounts with credit unions and community banks.

 “When I heard about the fee, it was the last straw for me," said Molly Katchpole, a 22-year-old nanny whose online petition urging Bank of America to drop the debit fee captured more than 300,000 signatures. "I'm living paycheck to paycheck and one more fee was just too much."

 With millions of Americans out of work, the high cost of living, and a record household debt, many American are going through difficult times and are starting to pay more attention to their finances.  More citizens are starting to pay more attention to price increases and fees and refusing to pay these increases. With the exception of the bag fee implemented by the airlines, most companies are having problems introducing fees without consumer backlash. I personally would not stand for paying these outrageous fees, there are always cheaper alternatives in the marketplace.