Truthdig - Tag - Debit Card

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Tag: Debit Card

Flickr / MoneyBlogNewz

Bank of America Plans New Debit Card Fee

Bank of America announced that it will charge its customers $5 a month for making purchases with debit cards, and Wells Fargo, Chase and SunTrust are poised to follow suit. (more)

Posted on Sep 30, 2011 READ MORE | 18 COMMENTS

Flickr / soathevy

Retail Debit Fees May Be Capped

The beleaguered banking industry suffered yet another blow Thursday evening after the Senate voted to impose price controls on debit transactions, a move that follows years of begging by retailers for governmental limits on the high charges demanded by banks every time a consumer swipes a debit card. The amendment is in a bill that still must win Senate approval.