Tag: debit card

Opinion

Staff editorial 11/3: Unified voices can bring change

There is strength in numbers. Bank of America is just one example: In response to massive outcry from disgruntled customers, the bank announced Tuesday that it will drop its proposed debit card fee. This new policy stated that customers would be charged $5 a month if they chose to use their debit cards to make…

Bank hits debit card users with fee
News

Bank hits debit card users with fee

Starting in 2012, Bank of America will levy a $5 monthly fee on customers who use their debit cards for purchases. Customers will be charged the same rate no matter how often they use the card. However, Bank of America will not charge customers who only use their debit cards to take money out of…

Staff Editorial 10/6: Bank fees just don’t please
Opinion

Staff Editorial 10/6: Bank fees just don’t please

As if money wasn’t tight enough already, banks will start charging debit card users $5 per month for purchases made with their card in 2012. Bank of America is the most recent bank to make this decision and, as UM’s on-campus bank, it affects most of us very directly. If we step back and take…

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