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Bank of America nixes $5 debit card fee

Bank of America Corp. is scrapping its plan to charge a $5 monthly debit card fee. The bank’s decision to drop the fee came after a roar of customer outrage in recent weeks over the fee. Other major banks, including JPMorgan Chase & Co. and Wells Fargo & Co., already canceled tests of similar debit… Continue Reading Bank of America nixes $5 debit card fee

People using state-issued debit cards for unemployment benefits will no longer have to pay many of the fees associated with using the cards. The Department of Labor and Employment renegotiated the contract with J.P. Morgan Chase to eliminate the fees, which will save card users a total of $500,000 a year. The agreement eliminates point… Continue Reading State negotiates lower fees on issued debit cards

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