Banks Back Off Debit Card Fees

By: WOWT Email
By: WOWT Email

Some banks say they won't charge customers to use their debit cards.

After months of consumer testing, executives with JP Morgan and Chase say the bank won't impose monthly fees on debit card customers.

Citigroup, Bancorp and several other banks have also decided against charging the fee.

Bank of America received millions of customer complaints when it introduced plans to charge five dollars a month to customers who use their debit cards for purchases.

The banks that have decided not to charge the fees, says it had nothing to do with the outcry over Bank of America's fees.

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