Bank of America apologizes in a letter to customers for recently levying charges on debit card usage. The bank acknowledges complaints from customers about the new charges and says it will immediately credit any interest charged back to customers' accounts. The bank explains that the charges were intended to help upgrade card quality and security, as well as improve lost or stolen card replacement services. However, based on customer feedback, the bank has reverted the policy since not all customers wanted the extra features, which will now be optional for those willing to pay more.
Bank of America apologizes in a letter to customers for recently levying charges on debit card usage. The bank acknowledges complaints from customers about the new charges and says it will immediately credit any interest charged back to customers' accounts. The bank explains that the charges were intended to help upgrade card quality and security, as well as improve lost or stolen card replacement services. However, based on customer feedback, the bank has reverted the policy since not all customers wanted the extra features, which will now be optional for those willing to pay more.
Bank of America apologizes in a letter to customers for recently levying charges on debit card usage. The bank acknowledges complaints from customers about the new charges and says it will immediately credit any interest charged back to customers' accounts. The bank explains that the charges were intended to help upgrade card quality and security, as well as improve lost or stolen card replacement services. However, based on customer feedback, the bank has reverted the policy since not all customers wanted the extra features, which will now be optional for those willing to pay more.
18th September,2021. Subject: Apologies of the inconveniences caused for levying charges on the usage of debit cards. This letter is in reference to your complaint regarding the charges levied on your debit card and we would like to deeply apologize for the inconveniences caused. We would also like to ensure you that the interests charged would be immediately credited to your accounts. We acknowledge the collective complaints we received from our valuable customers from all over and we would like to inform you about the sudden change. We have been wanting to upgrade certain facilities which are: a. Improving the quality of the cards and making a range of premium quality cards. b. Bettering the services when it comes to receiving a new card once lost or stolen. c. Improvising new security services and implementing new servers to the latest military grade encryptions, to secure our customers more. From the response of our valuable customers, we have come to know that not all want this feature, which is why we have reverted the policy, and the extra facilities will be served to those who are willing to opt for these .Keeping in mind that each one of our customers is equally valuable to us we have come to this conclusion.