Online petition against Bank of America goes viral

The Takeaway

When Bank of America announced that they were introducing a new $5 monthly fee for debit cards many customers were outraged. One of those customers is 22-year-old Molly Katchpole. She started an online petition at Change.org. The petition reads: “The American people bailed out Bank of America during a financial crisis the banks helped create… You paid zero dollars in federal income last year. And now your bank is profiting, raking in $2 billion in profits last quarter alone. How can you justify squeezing another $60 a year from your debit card customers? This is despicable.” According to Katchpole, more than 200 thousand people added their signature to her petition – and the bank took notice.

Sign up for our daily newsletter

Sign up for The Top of the World, delivered to your inbox every weekday morning.