
Months ago we posted an article about impending debit card fees. Well folks, here they are. At least at Bank of America and several other large banks. A consequence of the Durbin Amendment to the Dodd- Frank Act, Bank of America, and many other large banks are rolling out monthly fees for debit card users.
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I always thought debit card ATM fees were a very silly expense. Using off network ATM’s can be very expensive, and almost always just a result of poor planning. Convenience can be costly. Using a debit card for a purchase, that was a different story, until now….
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I hope you are keeping up with your financial resolutions for 2011. Starting is usually the hardest part until you get some momentum going, and start to see some success. One of the biggest roadblocks to staying on your budget is impulse spending.
Impulse spending is a lot easier if you have “extra” cash on hand [...]