10/6/11

If you must use a debit card, at least get paid for doing so

Credit Union Paying Customers to Use Their Debit Card | Moneyland | TIME.com: "“In just the last weekend, between Friday and Saturday, we opened almost 600 new accounts,” Sonya McDonald, senior vice president of marketing, told KSAT 12 News in San Antonio.

Smaller banks and credit unions like Randolph Brooks probably couldn’t have asked for a better gift from the nation’s largest banks. The decision by Bank of America, Citibank and others to charge more and more fees for checking accounts and debit card use will certainly give a lift to more regional banks that decide against tacking on charges."

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