Bank of America Corp. (BAC), the largest U.S. bank by assets, plans to charge customers a $5 monthly fee for making debit card purchases starting early next year, according to an internal memo sent to bank executives Thursday.
The fee will apply to customers with various checking accounts during any month they use their debit card to make a purchase. The fee will not apply to customers who do not use their debit card to make a purchase or who only use it to make ATM transactions.
via Boycott Bank Of America Which Is About To Institute A $5 Debit Card Usage Fee | ZeroHedge.
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North Carolina National Bank (NCNB) was a bank based in Charlotte, North Carolina, prior to 1960 called American Commercial Bank. It was one of the top banking institutions. In 1957 American Trust Co and Commercial National Bank merged to form American Commercial Bank in Charlotte, North Carolina. In 1960 American Commercial Bank changed its name to North Carolina National Bank.
In 1991 North Carolina National Bank acquired C&S/Sovran Corp. and took the new name, Nations Bank.In 1998 NationsBank acquired BankAmerica Corp. and took the name Bank of America which now operates in all 50 states. In 2011 Bank of America decided to charge all of it’s loyal account holders 5 FIVE dollars a month to have a debit card. – Nathan McGowan
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