Bank Of America - South Cobb, GA Patch
Bank Of America Debit Charges $5
Bank of America's decision sparks consumer outrage and an online petition.
For years, the big banks have touted the ease and convenience of ATM cards. And Americans who already were on the plastic habit have gradually increased their use of debit vs. checks and credit cards. But since banks were hard hit from the Great Recession, the big boys have been looking at different ways to get more green from consumers' wallets. Bank of America Corp. has been the focus of consumer ire since its announcement last month that it will begin charging some customers $5 a month when they use their debit cards to make purchases. The move by the nation's largest bank, which is slated to take effect next year, follows Wells Fargo & Co. recent announcment it is test-piloting a $3-per-month fee for its customers who use debit cards …
2:43 pm on Tuesday, October 11, 2011
I understand that banks are in the business to make money, so anything that the government does to "punish" the banks, they will turn around and make us pay for it. The Wells Fargo reward program ended a couple of days ago and the reason given was at least honest. It said that because what they could charge stores in fees for using the cards was cut basically in half was going to "hurt" them, so …
http://southcobb.patch.com/articles/your-neighborhood-gallery-7484d88c/media_attachments/edit?upload_started=1369477416
Bank Of America - South Cobb, GA Patch
Bank Of America Debit Charges $5
Bank of America's decision sparks consumer outrage and an online petition.
For years, the big banks have touted the ease and convenience of ATM cards. And Americans who already were on the plastic habit have gradually increased their use of debit vs. checks and credit cards. But since banks were hard hit from the Great Recession, the big boys have been looking at different ways to get more green from consumers' wallets. Bank of America Corp. has been the focus of consumer ire since its announcement last month that it will begin charging some customers $5 a month when they use their debit cards to make purchases. The move by the nation's largest ba
nk, which is slated to take effect next year, follows Wells Fargo & Co. recent announcment it is test-piloting a $3-per-month fee for its customers who use debit cards …
2:43 pm on Tuesday, October 11, 2011
I understand that banks are in the business to make money, so anything that the government does to "punish" the banks, they will turn around and make us pay for it. The Wells Fargo reward program ended a couple of days ago and the reason given was at least honest. It said that because what they could charge stores in fees for using the cards was cut basically in half was going to "hurt" them, so …
http://southcobb.patch.com/articles/your-neighborhood-gallery-7484d88c/media_attachments/edit?upload_started=1369477416