Several Banks Not In Favor Of Debit Card Charges


Other well-known banks are preparing to comfort their clients that they are not going to impose the debit card charges that have outraged the public against Bank of
America.  Based on the statements of a person aware of the bank’s plans, JPMorgan Chase which is the country’s largest bank, made a decision that they will not charge their clients whenever they make debit card purchases.  This move succeeds en examination of the monthly charge that the bank started out in two states last February.  This examination will cease to effect this November.  JPMorgan Chase’s decision was first reported in the Wall Street Journal.

 

Excerpt:

“Many big banks are lining up to assure customers they won't impose the debit card fees that have sparked a backlash against Bank of America.”

 

Original article can be found at:

http://money.cnn.com/2011/10/28/news/companies/debit_card_fees/index.htm

 

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