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People's United Bank Review: Regional Bank Variety Meets Community Bank Customer Service

People's United Bank Review: Regional Bank Variety Meets Community Bank Customer Service
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Detailed text transcripts for TV channel - CNN - 20110328:10:24:00

harry couver has died. he invented superglue and got the idea by accident by doing work on gun sites. yeah, the gun sight president obama, he awarded couver the award of technology and innovation. superglue hit the market? any idea? roughly? 50s. 1958. i would have guessed the 70s. he died over the weekend at his home in tennessee, he was 94 years old. when you look at inventions when you look at like things like that, it really did help. more big banks getting set to stop their debit card rewards programs. do you have debit rewards?

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Detailed text transcripts for TV channel - CNN - 20110328:10:25:00

i don t. i don t either. neither do i, but a lot of you do. debit cards are the number one way to pay. and over 70% of folks who have debit rewards, well, they are going bye-bye. cnn money reports that big banks are set to cancel the debit rewards programs. wells fargo and wachovia will end their debit rewards for new customers by april 15th. jpmorgan chase making a lot of changes lately by july 19th. no more rewards for existing customers. and suntrust, no rewards for new customers as of april 15th around tax day, and all current customers, your rewards will expire on january 1st of 2012. now, what s happened already with your debit? we know this is an ongoing saga. atm fees have been hiked by as much as $5 if you re a non-customer. and banks have threatened to limit debit card transactions. we ve heard that from chase from $50 to $100. why is all this happening? well, the fed is looking to limit the fee per swipe paid by vendors to 12 cents a swipe.

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