Dayton Business Journal...
Big banks start charging debit card fees
Thursday, August 18, 2011 

Bank customers who use debit cards at some of the top banks in the country will have to start paying a fee to use their cards soon, according to a story in the Wall Street Journal. 

Wells Fargo & Co. will charge customers in four states a $3 per month fee to use their debit cards starting Oct. 14. The Journal also reported that JPMorgan Chase & Co. has been testing fees, as well as Regions Financial Corp. and SunTrust Banks Inc. 

The country’s biggest financial firm, Bank of America , is considering adding fees, The Journal reported.

Wells, JPMorgan and BofA have operations in the Dayton region. 

The new charges follow new rules by Federal Reserve, which last month capped the “swipe fees” that banks can charge retailers. Banks had protested the new rules and some had predicted that other fees might go up. 

Read the story with links at Dayton Business Journal