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<p>This photo taken Oct. 14, 2011, shows a customer at a Bank of America ATM in Hialeah, Fla. Bank of America Corp. is scrapping its plans to charge a $5 monthly debit card fee. The bank's decision to drop the fee came after a roar of customer outrage in recent weeks over the fee. (AP Photo/Alan Diaz)</p>

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Bank of America backs down
November 2, 2011 9 p.m.

Bank of America backs down

Plans to charge $5 monthly debit card fee are scrapped

NEW YORK (AP) - Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit card purchases after outraged customers threatened an exodus.