Bank of America Implements Debit Card Fees, Outraging Customers

Debit card fees announced by Bank of America are sparking outrage among consumers who turned to social media with their vows to switch banks, boycott Bank of America and otherwise show their condemnation of the banking giant's controversial move.

A top senator slammed Bank of America after the company, one of the largest recipients of U.S. taxpayer bailouts, announced it would charge customers a new $5 monthly fee for using their debit cards -- even if just to buy a $2 coffee.

Bank of America’s (BAC: 6.19, -0.16, -2.52%) website temporarily lost functionality Friday morning, just a day after the nation’s largest bank revealed plans to levy a $5 fee on customers using debit cards.