Bank of America plans to charge $5 monthly fees to debit card users and, according to WSJ, other banks plan to follow this plan. Although, BOA is charging more than some other banks intend on charging. Let us keep in mind that BOA charges individuals who do not have an account with them to cash checks. I mean, banks make a substantial amount of money as is by holding customer's money and investing it.  Do they really need to add more extra fees?