BOA to Charge Debit Card Fees

I canceled my Bank of America account years ago, but for those of you who still have one you might want to consider canceling it now.

BOA has recently announced that they will start charging a $5.00 debit card fee. This is most likely due to their poor management decisions around the housing bubble and debt associated with it. It is also most likely because they can charge it. They are a massive bank with a large customer base.