Home Industry News Banks Back Off Debit Card Usage Fees

Banks Back Off Debit Card Usage Fees

Chase and Wells Fargo had been trialing $3 debit card usage fees in a couple pilot markets but have since decided to discontinue the monthly charge. SunTrust and Regions Banks also eliminated usage fees they were planning to implement on check cards. In early November Bank of America, who was originally going to adopt a $5 monthly fee beginning in 2012, was the last major bank to eliminate the usage fee.

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