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Chase drops debit card fee, BofA to adjust plans

Discussion in 'Off-topic Zone' started by WoodysGirl, Oct 28, 2011.

  1. WoodysGirl

    WoodysGirl U.N.I.T.Y Staff Member

    71,727 Messages
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    By EILEEN AJ CONNELLY, AP Personal Finance Writer

    Updated 06:17 p.m., Friday, October 28, 2011

    NEW YORK - Chase is joining the list of banks that won't be charging customers to use their debit cards, as the backlash over Bank of America's planned $5 monthly fee continues.

    The retail banking arm of JPMorgan Chase & Co. will stop charging $3-per-month fees for using debit cards when its current pilot in Wisconsin and Georgia is completed in November, a source with knowledge of the bank's plans told The Associated Press.

    The test program involves an "a-la-carte" checking account that allows customers to choose what banking products they want, said the individual, who asked not to be identified because the bank has not officially announced the program will not go forward.

    Read the rest: http://www.chron.com/business/article/Chase-drops-debit-card-fee-BofA-to-adjust-plans-2241733.php
  2. Muhast

    Muhast Newo

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    It is sad that I use Chase and live in ga and had no clue I was being charged for debit. Glad they scrapped it

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