Follow Us: Google+
 
Bankrate.com

checking

5 ways to beat higher bank fees

Be on the lookout for changes
Next
5 of 7
Back
Exercise withdrawal wisdom

Because the Federal Reserve is placing restrictions on the transaction fees that debit card issuers can charge merchants, McBride warns that banks will begin to make up that lost revenue with more fee-based debit card rewards programs.

"Have your eyes wide open," McBride says. "The terms of a reward program can be changed at any time at the bank's discretion."

Banks can notify customers a variety of ways, including by email and snail mail. Be sure to ask your bank how it will inform you of potential amendments to your debit card rewards program.


 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Checking Rates



advertisement
Most Read
  1. Headlight requirements by state
  2. Nick Nolte's house for sale
  3. 8 eerie ghost towns
  4. 7 sedans for the young at heart
  5. Social Security traps to avoid
  6. 8 affordable, classic cars for retirees
  7. 10 cars for a midlife crisis
  8. 7 Social Security benefits
  9. 9 gas-only, fuel-efficient cars
  10. Top 10 states for foreclosure
Savings Overnight Averages
Product Yield +/- Last week
MMA
0.48% 0.49%
$10K MMA
0.47% 0.48%
MMA jumbo
0.61% 0.62%
Interest checking
0.51% 0.51%
Compare rates:
Don Taylorsavings
You've matured, but maybe not those savings bonds you received as a kid.
advertisement
The Credit Union National Association is launching a new campaign to protect its members' federal tax-exempt status.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.