Page 2 - Debit Transactions News Today

Contact act protecting consumers on that end of the transaction, theyre looking to protect vendors and retailers by capping fees at 12 cents. the average right now is about 44 cents. so last week in response, jpmorgan chase said that they may cap debit transactions to a maximum of $100 or even $50 no matter if you press credit or debit. and theyre already testing monthly fees of $3 to $15 on checking and debit accounts. today chase has decided to test higher atm fees of $4 and $5. listen up if y...

Everyday debit transactions that are overdrawn, wont be protected. what theyre really saying is contact us reet right away. you could have a problem. to me its a scare tactic. $38 billion business in fees. even on the atms, watch out because they can charge you that as well. they have tricks that say that if you go to the atm and you want to withdraw 100 bucks. they say, hey, warning, you may not have enough funds in this account to cover the transaction but well give it to you for a $35 fee. wo...