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.
(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.
« Back to Debit Cards.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
The banking behemoth agrees to settle after a federal investigation found it had a pattern of illegally repossessing service members' vehicles.
... Read more