The Banks are About to Start Screwing You With Hidden Fees! Here’s What You Need to Know

Remember those banks we bailed out? They still want to do business with you but now when you take some OUT of Your account, they want to keep a piece for themselves. Bank of America, the largest bank in the country, just announced that starting next year, they'll charge a $5 monthly fee for you to use your debit card.

That's right: If you use your debit card for anything other than taking money out of an ATM, a $5 charge will be added to your account that month. And they're not the only ones doing it. Other giants, like Chase and Wells Fargo, are testing debit card fees and could roll them out soon. Other smaller banks have already started instituting them. This seems like the airline baggage fees all over again. The banks say the fees are to make up for new federal limits on how much they can charge merchants for taking credit cards.

Did I mention we BAILED THESE BUTTHOLES OUT!?! New rules say that a bank will only be able to charge a merchant up to 24 cents each time you buy something with a debit card. The current average is 44 cents. A study by Bankrate.com found that only 45% of checking accounts in the U.S. are free with no strings attached. They also found that 66% of people said they'd strongly consider not using their debit card if their bank charged a fee.