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A debit of gratitude to Bank of America

Its planned $5 fee for using a debit card has driven out into the open other fees that were long hidden to consumers. This may be a very unpopular thing to say about Bank of America and its planned $5 monthly debit card fee, but it's worth saying anyway: Thank you, Bank of America.

Senh: The article makes a good point. It gives a good summary of how debit card fees work, and how it eventually goes to consumers.

 

Banks may be gaming your credit card payment

Credit card issuers are still playing "gotcha" with customers.

 

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