Actually JLordTree there is no monthly service fee for Cal-Com and the min. balance to keep in a checking is a penny. Sounds cheap to me!
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Of course you do realize BOA not the only one going to charge this fee right? Wells Fargo, Chase amongst others have or have plans to. Most analyst from both sides claim Dodd-Frank as a cause.
Who cares who fired the first shot...sounds like the economy is not our fault it's Bush's fault excuse.
You also misunderstand my deconstructing Washington argument...it is not because of the fee, it was a response to partisan argumentation. George Washington was right....political parties would harm the country. It has
born2bme....Was referring to how Cal-Com would be expensive for me....had a monthly service fee and ATM charges.....that was at least when I talked to them.
Cal-Com checking is expensive? My mother has hers there and I didn't notice it any different than any other place. Maybe I need to check up on their minimum amount policy before hers gets to that point.
First you have to understand the problem.BOA's stock prices and div. have been falling because their role in the financial crisis.It's OK thou,because the hedge fund managers and CEOs got their record bonuses.BOA's chickens have come home to roost,nothing to do with government political parties.
I did not fire the first shot, just returned fire using the same line of rhetoric, that was used by previous posters
Lord knows 54% of voters want to replace all those in Washington even their own representative but not because of the $5 fee....That's a far stretch.
Cal-Com was too expensive to have an account with...great for savings and money market...no for checking. I use capital One...can use any ATM without fee (any, no matter who owns it). They have no plans, like Citibank, to do any of these things.
Love how Democrats complain about partisan politics while be extremely guilty of it just like the republicans. Yeah Mike the Dems never spin spin spin. Face it politicians are only going to do what is good for them....no matter what party. The sooner you take off the mask and realize that....the sooner we can bring a moving truck to Washington and move them all out. One term limits for everyone there! No more career politicians!
Who needs debit cards anyway? I don't have one, don't want one, and will never miss having one. I don't use an ATM card either. I like doing things the good old-fashioned way. Plan ahead! It's not like you cannot move your money locally. How about Cal-Com?
The democrats made them do it....lol
As if the GOP would have brought it to a screening halt.
Once again, the Democrats claim to ride to the rescue of the little people and end up screwing them. If you can afford to keep $5,000 in an account, you still have free checking; if you keep $500 in an account because that is all you can afford, you will now be charged a monthly fee. If there is one thing the left wing will never have the intelligence to understand, it is the Law of Unintended Consequences.
So the 10 billion dollars that Dodd-Frank restricted from free market and capitalism of the banks had nothing to do with it? Nah not with partisan democrats...of course not...they are all for the middle class...BULL
If you don't like Bank of America, move to another bank. Freedom! Liberty! American Way!
Bank of America argues interchange fees from VISA and MC on debit transactions were too high and so enacted the charge to consumers. There is no logic to an argument that D-F CAUSED this to happen. It does permit it to happen. Two different things. Once again, vote with your feet and walk away from BofA.
Actually,it says more about solvency of Bank of America....
Republicans voted against Dodd-Frank, which would not have anything to do with the day- to -day transactions of a bank because that's nationalism. Bank of America has every right to price themselves out of business, that's free market capitalism 101.
The new Consumer Protection Agency will not prevent a bank or any other financial entity of charging you fees, but it would make them more transparent. The financial entity would have to provide the customer with a simple one or three page legible document explaining their intentions. If the customer still wants to use that institution, that's their business.
It's funny how partisan republicans blame the democrats for trying, when they're satisfied with the status quo.
The watered- down Dodd-Frank is a rallying cry for the right wing, but nothing is said about the lobbyist money that made it that way.
If the GOP wins and take over both house they have said they will repeal Dodd-Frank and if you think they will rein in Wall Street,the banks,and big business,..Well,I'll just leave it at that.
You beat me to the punch tafoer. I guess this is how the Democrats help the middle class. Now Sen. Durbin is upset because they did this, but it was his provision in the act that allowed and caused it.
The Dodd–Frank Wall Street Reform and Consumer Protection Act working for you on this one! Thanks for nothing Obama.
Perhaps they will use some of the money to upgrade their frustrating automative answering system.