Big Banks Say No to Debit Fees, Won't Follow Bank of America's Lead

[DreamSmoker]

JPMorgan Chase has decided it will not charge customers who use their debit cards for purchases, joining a growing list of banks that will not follow the lead of financial giant Bank of America, which announced a $5 monthly fee last month.

JPMorgan Chase, Citigroup, U.S. Bank, PNC Financial, and Key Bank have confirmed they are not planning to charge customers debit card fees when they make purchases.

http://news.yahoo.com/big-banks-no-debit-fees-wont-bank-americas-135300873.html

[cutlassmama]

1. No doubt this came from people withdrawing their money and going to credit unions instead.

[CaliforniaPeggy]

2. How about that? Public pressure works.

[CarmanK]

3. PEOPLE POWER WORKS, CONSUMERS still have a voice!

It may be in their pocket books but no matter what there is still more money in the pockets of 300mn people than the 1% and the banks needs those people to stay alive. MARK ONE FOR THE GOOD GUYS.

[Skink]

4. Now how about some interest?