Just recently Bank of America announced that they would soon be charging a $5 monthly fee for the use of their debit cards. Aside from BofA, Chase and Wells Fargo are also currently testing the market for a planned $3 fee. The reason behind the change are the new federal regulations on how much banks […]
Banks To Begin a Barrage of Debit Card Fees
Bank of America, the country’s biggest consumer bank by deposits, recently went public with their decision to begin issuing new fees to customers who pull out their debit card when making purchases. The $5 monthly fees will begin being issued January 1, 2012. As Bank of America spokeswoman Anne Pace stated to Bloomberg News, “the […]
Bank of America Plans To Charge Fees For Debit Card Use
It seems like the time of freely swiping your debit card is almost over. Bank of America Corp., one of the largest banks throughout the United States is planning to place a monthly fee on anyone who makes use of their debit card. They say that they need to do it in order to recoup […]