Posts Tagged ‘debit card fees’

The big banks are threatening to hit you with fees for using your debit card. JPMorgan Chase fired the first shot across the bow last week, by canceling its debit-card rewards program.
Why is this happening? Because the banks lost an epic battle with retailers, which will force them to slash the fees they collect on [...]

 I love debit cards. They’re the electronic equivalent of writing checks or paying cash. When you pay by debit, the money is taken directly out of your bank account, right away. That makes them terrific tools for budgeting. You can’t kid yourself by saying “I’ll pay for it next month,” the way you can with [...]

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Jane Bryant Quinn is a nationally known commentator on personal finance, with books and columns read and trusted by millions.
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