How many of you are keeping BOA Debit Card?

[Red1Blue]

After the recent BOA monthly charge for Debit Cards, I am curious how many of you are keeping your cards? I have 3 accounts and 4 Debit Cards. Not sure if I want to pay $240 AF for them.

[GST2008]

What type of accounts are getting charged fees on debit cards?  I haven't been charged yet for the debit card associated with my checking account.

[clocktick]

They say that's not why their site was down all of yesterday but, I don't know.  I didn't hear about the annual fee but I thought it was per swipe every time you use it.  Either way, I don't use it.  Do you get charged for having one?  That's how I go to the ATM to deposit.

[chasmith]

From what I've read in the WSJ, the fee is monthly and not charged unless you use the Debit Card as a Debit Card.  No charge for ATM use.  So if you never swipe at a store, and use ATM there should be no fee.  That's pretty much what all the big banks (no collusion or anticompetitive activity of course) are doing.

I won't ever deal with a major bank again.  NFCU, First Tech FCU and USAA for me!

[-Cain-]

It is $5/month if you use it for purchases/payments. One use will hit you with $5, every other for that month does not incur additional charges. Use at the ATM will also not trigger the fee. Cost to use per year would be $60/max. Still $60 too much IMO.

[minimock]

I checked into it, because I pay $30 bucks a year for my usairways debit card with them. They said it is considered a premium debit card, so no charge. It might be the way to go if you don't want to pay 5 bucks a month, and you get 1 mile for each dollar spent.

[pizzadude]

Does the $5 month fee apply if you request merchants to run your card as a credit card ?

[-Cain-]

Interesting about the USAirways card, thanks. You also will not be charged if you have a mortgage with BoA or if you keep a combined daily balance of $20k.

[-Cain-]

Yes. Debit or credit does not matter. Only free use is at ATM.

[drkaje]

I really won't be using it for anything but an ATM card. I can use a CC and get cash back, anyways. I like their on-line banking and won't jump ship but may change payroll deposits to USAA and get their debit card.

Added by edit: Called USAA and requested a debit card. They have a phone app that allows deposits, I can just write myself checks out of the BoA account while transitioning away from them. They have great on-line banking but I honestly have never gotten over FIA's absolute inability to show goodwill towards its credit card clients. My guess is a lot of people are making moves because their website is essentially dead.