Banks Vs. Credit Unions, pay attention

[rummy_raccoon]

It seems most all of the major banks are going to impose a $3-5 debit card fee. How this works is, if you make a purchase with your debit card, you will be hit with a one time monthly fee ranging from $3-5 depending on your bank. You can use the card exclusively for ATM withdrawals to avoid the fee but a single purchase will result in a fee for

Comments

[twigmouse]

You were with ING right? Did they start doing that as well? They're still really good here in Oz at least.

[captpackrat]

I was a customer of Wells Fargo for 5 years, then they sent me a letter that they were switching my free checking account to a $7 a month account. I closed my account and opened one at a local credit union.

I don't have a debit card. At both Wells Fargo and the credit union, I specifically asked for an ATM-only card. Debit cards are a REALLY bad idea; if anything goes wrong (computer error, fraud, etc), the money comes out of your checking account immediately and you have to fight to get it back.