Regions Bank says it will rescind it’s monthly debit card feed starting today “in response to feedback from customers.”
I can imagine the feedback.
The Alabama-based bank said it will refund the $4 monthly fee to customers’ accounts on Friday.
Consumers have been outraged by banks charging a monthly debit card fee ever since the news late last month that Bank of America would introduce a $5 per month fee next year.
Banks have been backpedaling ever since.
But will that appease consumers or is this too little too late?