Personal Finance Advice and Commentary

Tuesday, November 01, 2011 12:30 pm
By Marcie Geffner ·

Wells Fargo & Co. has cancelled its planned test run of a $3 monthly fee for customers who use a debit card. The trial had been slated for five states, but is now off the calendar, the bank said in statement posted on its website late last week. Ed Kadletz, head of the bank’s debit and prepaid

Friday, October 21, 2011 9:00 am
By Marcie Geffner ·

Major banks that hope new monthly fees for debit card use will help them recoup the higher income they used to earn from merchants on such transactions might be disappointed. Substantial proportions of consumers say they won’t pay the new fees, according to a recent online survey that found 43 percent of respondents would change

Friday, October 14, 2011 12:30 pm
By Marcie Geffner ·

A Bank of America executive has responded to a woman who started an online petition to protest the bank’s new debit card fee. Andrew Plepler, who has the long double-barreled title of global corporate social responsibility executive and consumer policy executive at Bank of America, earlier this week called Molly Katchpole, a 22-year-old Bank of