Saturday, October 1, 2011

Day 418 - On Debit Card Monthly Fee

I've posted about my personal financial religion before.  The main gist of it is not paying for anything that isn't necessary.  With the passage and implementation of the Durbin Amendment today, I guess the secondary clause of Rule #1 will be expanded.  Both Bank of America and CitiBank (and probably every other banking institution other than Credit Union who are exempted) will institute some form of usage fee upon their customer on debit card use.  I fully understand why the fee are there.  I also don't expect to be using debit card ever again.  Thank you Senator Durbin for your contribution to the financial regulation.

118/79/66 180lb 94 mg/DL

No comments:

Post a Comment