by Erik Kain on October 4, 2011
When Bank of America announced recently that it would begin charging its customers five dollars a month for using their debit cards, the public outrage was palpable. The internet ignited with angry customers decrying the greed of the big banks and the stupidity of this latest attempt to “squeeze” them for every last penny. I [...]
Read more at Forbes.
by Erik Kain on October 1, 2011
When Bank of America decided to start charging its customers a $5/month fee for using debit cards, people all across the internet were up in arms. This struck me as wrong-headed off the bat. Five dollars is hardly price-gouging, and paying for a service like debit or checking strikes me as a reasonable idea. Kevin [...]
Read more at Forbes.
