If you’re a Bank of America customer and finding an ATM seems harder these days, it’s not your imagination. In a cost-cutting move, the North Carolina-based banking giant has eliminated nearly 10 percent of its teller machines — more than 1,500, to be exact.
Bank of America, seemingly undaunted by last year’s consumer backlash after instituting debit card fees, is now trying out new charges on checking accounts.
In September, Bank of America announced it would soon begin charging customers a $5 monthly fee for using their debit cards, saying it was recouping losses from new laws that limited how much it could charge merchants when debit cards were swiped during transactions.
But after a firestorm of negative publicity, BofA waved the white flag of surrender and scrapped the controversial plan.