D.C. Nanny Touted as BoA Debit Card Hero

Nanny's frustration may have helped end BoA plans to make debit card fee.

Friday, Nov 4, 2011  |  Updated 4:24 PM EDT
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D.C. Nanny Claims Victory Over Debit Fee

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Plans for a an additional $5 fee for using a debit card got scrapped this week after a public outcry.

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A 22-year-old nanny in Washington, D.C., may have helped Bank of America customers across the country avoid debit card fees.

Molly Katchpole started an internet petition on Change.org when she heard about the bank's plans to charge users $5 a month for using their debit card.  The recent college graduate got 300,000 people to sign her petition.

Tuesday, Bank of America announced it canceled plans to create the fee.

She's now featured at the top of the Change.org's website, under the heading "Victories."

Katchpole is a Rhode Island native who lives in Washington. In addition to working as a nanny, she does freelance work for a political communications firm. She describes herself as a progressive and says she stands in solidarity with the Occupy Wall Street movement.

Katchpole says her impact has to do with "good timing".

She switched to another bank because of the fee. But she said she started the petition because not everyone has that option.

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