Bank of America will begin charging customers a $5 monthly fee in 2012 to use their debit cards for purchases.
There is widespread hostility toward new fees charged by some of the nation’s largest banks and Community banks and credit unions are moving quickly to take advantage of that.
Continue reading… “Small banks, credit unions capitalize on big banks’ fees”
The Fed rule on debit card fees could have far-reaching effects on how consumers spend and save.
The debit card battle between retailers and banks has reached epic proportions. The plan by lawmakers is to slash the fees retailers pay banks every time a shopper uses a debit card. Both sides are spending millions of dollars to convince lawmakers that they’re looking out for average Americans.
Continue reading… “What Effect Will the Cut in Debit Card Fees Have on Consumers?”