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  • US Banks Begin Charging Debit-Card Fees

    08/19/2011 10:33:05 AM PDT · by throwback · 53 replies
    Fox Business ^ | August 17, 2011 | Matthias Rieker
    <p>NEW YORK -(Dow Jones)- Wells Fargo & Co. (WFC) is joining a growing number of banks that are introducing or testing a monthly fee for debit cards, casting around for revenue lost to debit-card regulatory restrictions.</p> <p>Wells Fargo, the nation's second-largest bank by deposits, will charge a $3 fee for debit and automated-teller-machine cards as of Oct. 14 in several states if such cards are used for purchases (but not for ATM usage). The bank said it is a pilot program, and it will monitor how people respond.</p>