Become a digitalPLUS subscriber. 99¢ for 4 weeks.
BusinessConsuming Interests

Another bank debit card fee bites the dust

Bank of America Corp.

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?

 

Copyright © 2014, The Baltimore Sun
Related Content
Bank of America Corp.
Comments
Loading