Bank of America's debit card fee will be rolled out in stages starting with select states in early 2012. The company would not say which states would be affected first.

The Observer reported Sept. 20 that Bank of America was planning to begin issuing debit cards with chips later this year. The bank began issuing credit cards with the chips to consumers in 2012.

Amid criticism, the bank reverses its plan to charge a $5 monthly debit fee. “Our customers’ voices are most important to us,” an official says in announcing the decision.

— -- Citing customer concerns and a "changing competitive marketplace," Bank of America said it won't charge customers a fee for using their debit cards. "We have listened to our customers ...

Earlier this year, Bank of America announced plans to charge debit card customers a $5 monthly fee for simply existing and then tried to pass off the fees as a tax. The backlash was swift and painful.

Bank of America notifies affected customers, as it has been required to do under California law since 2003. ‘Through our fraud monitoring and based on information we receive from the card ...

NEW YORK – Bank of America plans to start charging customers a $5 monthly fee for using their debit card for purchases.The fee will be rolled out starting early next year.A number of banks have ...

The $5 fee will debut next year for the bank’s basic checking accounts. It will apply only to debit card purchases and not to ATM withdrawals, online bill pay or mobile phone transfers.

Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It’s a step that may become a common move ahead of new regulations ...

— -- Citing customer concerns and a "changing competitive marketplace," Bank of America said it won't charge customers a fee for using their debit cards. "We have listened to our customers ...