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Banks may not be charging for debit cards, but they have added or raised other "under-the-radar"...

Banks may not be charging for debit cards, but they have added or raised other "under-the-radar" fees instead. BofA (BAC) charges $5-$20 for replacing a credit card, while U.S. Bancorp (USB) wants 50 cents a check to deposit money with a mobile phone. "We’ll see if our customers complain and move, or just complain," says USB's CEO.
Comments (2)
  • Orange Juice (OJ: +4.53%)
    , contributor
    Comments (17) | Send Message
     
    Banks aren't a charity, they've got to raise revenue too. If you want the ease of writing a check through your Mobile, why not pay a small premium? Innovation doesn't come free - just don't rely on heavily on Mobile checking. Simple. As long as the fee information is expressed clearly to the public, or at very least made available, I think it's a good thing Banks are offering new services. Those who are against the idea of "too big to fail" should support the idea of Banks increasing funds through service fees. And if you don't want to spend $5-$20 to replace your credit card, don't lose it!
    14 Nov 2011, 05:20 AM Reply Like
  • acesfull
    , contributor
    Comments (314) | Send Message
     
    WOW. You guys sound like the FBI. But then again, it kind of sounds like nit picking. So what if they charge for a service? What are they supposed to do? Provide services to the masses free of cost? Give them free mortgages for a new home they can't afford because the government says everyone needs to own their own home? Maybe give them zero interest on a car loan? After all, everyone needs some wheels to get around. Geez, guys. Is'nt there anything else out there to investigate besides banks? Give it a break.
    14 Nov 2011, 07:49 AM Reply Like
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