I was referring to the 5 dollar fee they're implementing to debit card users, because the government recently made it so they can only charge .21 cents per transaction, instead of .44 cents.
It costs the banks about .3 cents per transaction.
"...the cap simply evens out the playing field for retailers because the fees Visa and MasterCard had set for banks grossly exceed the cost of processing a debit card transaction by some 400%. After years of raking in excess profits...Bank of America is trying to find new ways to pad their profits by sticking it to its customers."
Bank of America plans to charge $5 monthly debit card fee - Sep. 29, 2011