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debit cards

Bank of America: Drop the $5 Debit Card Usage Fee

October 17, 2011 Brian T. Moynihan Chief Executive Officer and President Bank of America Corporation 401 N Tryon Street Charlotte, NC 28202 Re: Drop the $5 Debit Card Usage Fee Dear Mr. Moynihan: Recent news accounts have indicated that Bank of America will begin charging many of its checking account customers a $5 monthly fee Continue Reading

Categories: Banking
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SunTrust Banks, Inc: Drop the $5 Debit Card Usage Fee

October 17, 2011 William H. Rogers, Jr. President and Chief Executive Officer SunTrust Banks, Inc. 303 Peachtree Street Northeast Atlanta, GA 30308-3201 Re: Drop the $5 Debit Card Usage Fee Dear Mr. Rogers: Recent news accounts have indicated that SunTrust Bank will charge Basic Everyday Checking Account customers a $5 per month fee in any Continue Reading

Categories: Banking
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Wells Fargo & Co: Drop the $3 Debit Card Usage Fee Pilot

Letter to CEO to drop the $3 debit card usage fee pilot

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JPMorgan Chase & Co: Drop the $3 Debit Card Usage Fee Pilot

Letter to CEO requesting dropping the $3 debit card usage fee pilot

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Send BofA Your Own Video Breakup: “Drop the fee or we drop you!”

We imagine the conversation might go something like this…Press play!

Do you have something to say to Bank of America? Soon BofA will charge you $5 a month to use your debit card, even though they’re already collecting enough money from retailers to profit on the processing costs.

Categories: Banking, Payments
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Bank of America urged to drop debit card fee

CU: It’s unfair for banks to charge consumers when banks collect from retailers to cover debit card costs

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Letter to Congress requesting investigation of Bank of America’s new debit card fee

October 4, 2011 The Honorable Timothy Johnson Chairman The Honorable Richard Sheldby Ranking Member Committee on Banking, Housing and Urban Affairs United States Senate Washington, DC 20510 Re: Bank of America Debit Fees Dear Chairman Johnson and Senator Shelby: We are writing to express our deep concern over Bank of America’s new fee that will Continue Reading

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CU calls for federal investigation of BofA’s debit card fee

Congress and federal regulators should investigate the controversial new fee

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Bank of America announces $5 debit card fee

Consumers Union offers tips to consumers on avoiding fees and how to move your money safely to another bank

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CR Poll: Only 22 Percent of Bank Customers Have Opted-In For Debit Card Overdraft “Protection”

Large majority of consumers want right to choose whether to be covered by fee-based overdraft programs for checks

Categories: Banking
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