debit card charges

Bank of America's announcement this week that it would start charging a monthly $5 fee for using a debit card to make purchases is the latest in banking industry upcharges. As fee-free options for banking dwindle, the bottom line is that consumers are paying more to use their own money.

Last year, the government changed the rules on debit card overdrafts, requiring banks to get customers' permission before allowing transactions that would lead to penalty fees. But despite the new rules, overdraft fees continue to be an expensive pain in the neck for millions of Americans.

The era of free checking accounts is coming to an end. Many consumers will face an extra $144 a year in account fees, plus higher dues for their debit cars, and increased ATM charges, too. It's all part of a banking industry backlash against last year's consumer friendly financial reforms.

Summer vacation season is almost upon us. But before you throw your bathing suits in a duffel bag and drop the dog off at a kennel, take time to read this advice about using your debit card while enjoying your well-deserved getaway. Make the wrong move when it comes time to pull out the plastic,...

Even though the most recent consumer credit reports show credit card debt is declining, consumer's debit cards are getting quite a workout. Debit card transactions recently surpassed credit card transactions for the first time ever. Experts are forecasting debit card transactions to surge even...