To the Point
Bank of America's Debit Card Charge
The Bank of America says new financial regulations are costing big money, and it's going to charge ordinary consumers to help make up the difference. It will now cost $5 a month to use debit cards instead of cash at shops, restaurants and gas stations.
By Warren Olney • • 1 min readThe Bank of America says new financial regulations are costing big money, and it's going to charge ordinary consumers to help make up the difference. It will now cost $5 a month to use debit cards instead of cash at shops, restaurants and gas stations. Illinois' Democratic Senator Dick Durbin, who was a supporter of finance reform, has accused the Bank of America of trying to "pad their profits" by "sticking it to their customers." Ylan Mui covers consumers and the economy for the Washington Post.
