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Tag Archives: debit card fees

Just a theory – big banks wanted to curtail debit card use

Maybe those monthly debit card fees the big banks tried had a purpose beyond recouping money lost to lower payments from merchants on debit card transactions. Media reports speculate that the big banks figured you would leave your debit card at home and begin using that consumer credit card they issued you. That would bring smiles all around the board ...

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Regions sets debit card fees

In a soon-to-arrive consequence of the Dodd Frank Wall Street Reform and Consumer Protection Act, Regions Bank in mid-October will begin charging customers in Mississippi and elsewhere a $4 monthly fee for debit card use. The financial services sector has been predicting for the past year that Dodd Frank’s mandated cut in swipe card fees paid to a debit card’s ...

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