Fed Set to Cap Debit Card Fees for Merchants
Those damnable ATM machines are the cause of our lost jobs! Crap!
This is going to incense a lot of Americans — “We bailed you guys out to get treated like this?!?”
bflr
No problem.
I’ll just use cash.
I may have to pay a higher one-time fee, but if the banks would prefer the costs of having to transport, store, and use cash, it’s fine by me.
If our bank jumps on this, I’ll take it that they no longer want my cash in their bank.
I am from the days of “no plastic”, all we used was cash.
I am just fine with returning to cash.
Truly - checking accounts are a loser for the banks except for attracting savings, CD deposits, mortgages & the checking account monies they can loan out as ‘overnights’.
Consider that the cost of servicing ATMs, printing/processing cards & checks, account tracking and personnel for ‘free checking’ has to be offset by other fees or savings or CD accounts.
Not a fan - but a realist.
Ho hum..... Don’t use debit cards OR ATM cards.... couldn’t care less except I’m actually reading this thread! lol...
It is harder and harder to use cash, and in some cases it is illegal (just try to buy a new car with cash).
Banks are looking for more money to replace the income lost to bad loans, and debit cards are an easy fix.
Citibank hits checking accounts with fee
http://www.freerepublic.com/focus/f-news/2786481/posts