Quote:
Originally Posted by amIblue?
I think that because merchants pay more to accept credit cards than they do for debit cards, your bank is making up the difference in their fee income if you choose to use your debit card.
This move by BofA is completely boneheaded. I had heard about Regions making this move, but hoped that BofA wouldn't follow suit. I'm shopping for a new bank. I have an account at INGDirect that I've been happy with, but I've never been able to completely let go of being able to visit a brick and mortar branch.
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From what I've been hearing about this.. as goes BofA, so does all the other national banks. An industry expert was saying that all banks will
probably be doing this within the next year or so, they are just waiting to see it plays out with BofA.
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