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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
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
