6:35 am July 15, 2011, by Henry Unger
Upcoming changes in the industry may prompt banks to start charging a monthly fee for you to use your debit card.
In a new Associated Press-GfK poll, 61 percent said they would find another way to pay if they were charged a $3 monthly fee. If the fee was $5, two-thirds said they would do the same. If the fee was $7, the figure rises to 81 percent, AP reports.
Would you be willing to pay a fee for the convenience of debit cards?
Would you switch to your credit cards instead? (By the way, some banks are already reducing their debit card rewards programs.)
Would you use cash more?
Write more checks?
– Henry Unger, The Biz Beat
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