Post Tagged with: "debit fees"

Bank of America axes $5 debit card fee

Bank of America axes $5 debit card fee

So the day after Suntrust decides to axe the debit card fee, Bank of America said Tuesday it’s axing its plan to charge a $5 fee for customers who use their debit cards to make purchases. In September, the bank announced that it would begin charging most customers the monthly fee early next year. But [...]

SunTrust, Regions latest banks to retreat on debit fees

SunTrust, Regions latest banks to retreat on debit fees

Finally there is some good news for the average consumer on the banking front as the big banks’ race to backpedal on controversial debit card fees has picked up speed. SunTrust (STI, Fortune 500), a large regional bank based in Atlanta, announced Monday that it will no longer charge $5 a month for debit card [...]