Are You Leaving Bank of America?

Outrage has been building after last week's announcement that will charge most of its customers a $5 monthly fee if they use their debit card to make a purchase. Customers who have a BofA mortgage or a total of $20,000 in their BofA accounts (or in certain Merrill Lynch accounts) are exempt.

In Santa Monica, a MoveOn.org protest—echoing sentiments expressed by the ongoing —is scheduled at 5 p.m. outside the .

Meanwhile, in Washington, D.C., legislators including Sen. Dick Durbin (D-Illinois) and Rep. Brad Miller (D-North Carolina) are calling on customers to move their money out of the bank in response to the new fee.

"My word to consumers across America is: 'Talk with your feet, look for a debit card that doesn't charge the Bank of America fee,' " Durbin told The Huffington Post.

President Barack Obama has also scolded BofA, telling ABC, "You can stop [the fee] if you say to the banks, ‘You don’t have some inherent right just to, you know, get a certain amount of profit if your customers are being mistreated,’ ”

In defending its decision to implement the new fee, Bank of America has cited recent Wall Street reforms as the motivating factor behind the fee.

“We have a right to make a profit,” Bank of America CEO Brian Moynihan said.

Have you recently moved your money out of Bank of America, or are you planning to do so? Do you think the bank's new fee is appropriate? Share your thoughts in the comments box below and take our poll.