Community Corner
Patch Poll: Feeling Effects of New Debit Card Fees?
With banks adding fees for debit card use will you change your financial institution or how you pay?
Convenience now comes at a price.
This week The New York Times reported that Bank of America will start charging customers a $5 monthly fee when they use their debit cards for purchases. Chase and Wells Fargo are testing a $3 one and some regional banks a $4 monthly fee.
These changes come after an amendment was passed to limit the amount of fees banks can charge merchants each time a customer makes a purchase from themusing a debit card.
Find out what's happening in Malverne-Lynbrookwith free, real-time updates from Patch.
Patch wants to know how these new fees will affect you? Will you stop or limit your debit card use? Move your money into a different bank?
Tell us in the comments section below or vote in today's Patch Poll.
Find out what's happening in Malverne-Lynbrookwith free, real-time updates from Patch.
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