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Business Consuming Interests

Another bank debit card fee bites the dust

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?

 

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