By Kylynn Pelkey | email@example.com
Flagler College seniors, Seth Teston and Kathleen Fitzpatrick, shared the same response after learning that most major banks will start charging a monthly fee for debit card use: they think it’s crap.
Bank of America, the largest bank in the U.S. measured by deposits, plans to charge a $5 fee every month a customer swipes their debit card. However, the bank will not charge for a customer to use their debit card at an ATM.
Wells Fargo is currently testing a $3 charge per month for debit card use in specific states. The banks plan to enact the fee starting next year.