[Dilbert San Diego]

So it’s $5 per month, not $5 per transaction. So it’s a $60 annual fee to use that debit card now.

Well, here I think we might see banks competing for business. Some banks may charge less than $5 per month, or might waive the fee if you keep a minimum balance, or give other incentives to keep the cost to the customer down. We’ll have to see if every bank charges $5 or if some charge less, or some waive it.

[rottndog]

Well, here I think we might see banks competing for business.

EXACTLY! The market works, and is consumer driven. The power of the purse strings controls all of this.