Big Banks Rethink Debit Card Fees

From: Heather Stone/Chicago Tribune

A number of big banks are reconsidering charging customers a fee to have a debit card. This comes as many customers and non-customers cried foul when Bank of America (the nation’s second largest bank) announced it would begin charging customers $5 a month for the luxury of using their bank’s debit card. While BoA wasn’t alone, other big banks were toying with the charge, it seems the banker backlash heated up after the BoA announcement.

Read more of this post