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Green Dot Corp. is licking its lips over banks' new debit card fees, but the prepaid card company still doesn't know quite how large its eventual meal will be.
October 28 -
Bank of America Corp., the largest bank by assets, plans to start charging its checking customers $5 per month, or $60 annually, if they use their debit cards to make purchases. The fees will go into effect early next year.
September 29
Wells Fargo & Co. on Friday became the latest big bank to abandon plans to start charging customers for using debit cards, in the wake of a widespread backlash against new bank fees.
The San Francisco-based bank said late Friday that it was
Wells, which
It is the latest effort by big banks to back away from their highly-criticized efforts to charge customers more for using their existing debit cards and checking accounts. Earlier Friday, reports surfaced that JPMorgan Chase & Co. was
Big banks have been
But the plans have not gone over well with either consumers or politicians. Bank of America set off a firestorm of criticism last month when it