NEWSTALK 860 » debit cards http://ksfa860.com Fri, 24 May 2013 19:59:32 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Bank of America Will Not Charge Monthly Fee for Debit Card Usage http://ksfa860.com/bank-of-america-no-monthly-fee-debit-card/ http://ksfa860.com/bank-of-america-no-monthly-fee-debit-card/#comments Tue, 01 Nov 2011 19:05:34 +0000 Shauna Wright http://tsminteractive.com/?p=57847 In September, Bank of America announced it would soon begin charging customers a $5 monthly fee for using their debit cards, saying it was recouping losses from new laws that limited how much it could charge merchants when debit cards were swiped during transactions.

But after a firestorm of negative publicity, BofA waved the white flag of surrender and scrapped the controversial plan.

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]]> http://ksfa860.com/bank-of-america-no-monthly-fee-debit-card/feed/ 0 Davis Turner, Getty Images Bank of America to Begin Charging $5 Monthly Fee for Debit Card Usage http://ksfa860.com/bank-of-america-to-monthly-fee-debit-card/ http://ksfa860.com/bank-of-america-to-monthly-fee-debit-card/#comments Fri, 30 Sep 2011 16:57:22 +0000 Shauna Wright http://tsminteractive.com/?p=50730 In light of new regulations limiting what financial institutions can charge merchants when buyers swipe their debit cards, Bank of America — the nation’s largest bank — will soon impose a $5 monthly fee on customers who use their debit cards to pay for such transactions.

Anne Pace, a Bank of America spokeswoman, said the fee will only be charged when customers use their cards during merchant transactions, not when they’re used at ATMs to withdraw cash.

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]]> http://ksfa860.com/bank-of-america-to-monthly-fee-debit-card/feed/ 0 Davis Turner, Getty Images