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Chase and Wells Fargo drop debit card fee tests; Bank of America set to adjust its plan
Chase and Wells Fargo are joining the list of banks that won’t be charging customers to use their debit cards, as the backlash over Bank of America’s planned $5 monthly fee continues. The retail banking arm of JPMorgan Chase & Co. will stop charging $3-per-month fees for using debit cards when its current pilot in Wisconsin and Georgia is completed in November, a source with knowledge of the bank’s plans told The Associated Press. The individual asked not to be identified because the bank has not officially announced the program will not go forward. 5 Comments Weigh InCorrections? inShare..Chase, which ... (full story)
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