banking

Video: Consumer reaction to debit card fees

 

 

Intro: Bank of America recently announced they would start charging customers a $5 monthly debit card fee. Many banks will mostly likely follow suit as they try to recoup the money lost by recent legislation that limits interchange fees. We asked consumers if they would switch banks if charged a debit card fee.

Take SOT:

(Consumer opinions on debit card fees)

Tag: If you're considering changing banks, there are many community or online banks and credit unions that offer free checking and debit card service. Just visit bankrate.com to comparison shop. I'm Kristin Arnold.

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