No debit card fees for Wells Fargo and Chase Bank customers
In the wake of backlash against a new Bank of America five-dollar debit charge, Wells Fargo and Chase Bank announced they would not be charging their customers a similar fee.
Prior to the announcement, Wells Fargo and Chase were testing a three-dollar debit fee in certain markets.
Since the drop of these pilot programs, Bank of America is now the only bank in Eugene charging customers a monthly service fee for debit card use.
A number of Bank of America customers at the downtown branch said they’re not happy.
Peter Flier is one of those customers, and didn’t know about the fee until Saturday.
“Now I’m informed,” Flier said outside the bank’s parking lot, “Banks are at the point of where they’re accumulating billions of dollars of wealth every single year, so what’s a fee on every transaction? What’s it add up to for them? Is it really enough of a benefit to warrant charging a fee?”
Candie Sageholrn just moved to Eugene. She said Bank of America got everyone to switch from checks to debit cards in the past, and now they wants to charge people after they’ve made the change.
“I’ve been thinking through changing, and this might be my final straw to move,” said Sageholrn after coming out of the bank…