"The change in debit card terms has been gradual. Most recently, Bank of America announced its plans to levy a $5 monthly fee for making debit-card purchases starting next year. Banks including Wells Fargo, SunTrust and Chase have already eliminated debit rewards programs, and Chase, PNC and TD Bank are testing ATM fees as high as $5 a pop in some markets.
Given the rising costs, consumers may be better off without debit cards at all, says Dennis Moroney, senior analyst covering bank cards at TowerGroup consulting firm. “I never understood why people wanted debit cards in the first place,” he says."
It is just taken for granted that the American people will put up with this and adapt to whatever the Banks want us to do.
Here is my plan. Take back all the bail out money, arrest the executives and let the big banks collapse... and guess what, most people in America won't turn to ash!... then set new regulations on new banks so they serve the people of the United States on their daily commerce needs.
Comments