Debit card fees just the latest unwelcome change for checking account customers

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NEW YORK — Will a monthly debit card fee soon be the norm?

Bank of America said Thursday that it plans to start charging a $5 monthly fee when customers make debit card purchases. The fee will be rolled out starting early next year.

Paying to use a debit card was unheard of before this year and is still a novel concept for many consumers. But several banks have recently introduced or started testing debit card fees. That's in addition to the spate of other unwelcome changes checking account customers have seen in the past year.

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Jerry Markon 30 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=99075519eaff35d613af60d0f453a732
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