Ashley Flores

Some banks are charging more for you to do business with them. The cost of debit card transactions is going up. The banks are reacting to new regulations that went into effect earlier this month. In this Bobcat Update, Ashley Flores tells us how the changes might affect you.

(STAND-UP: With some banks implementing new fees, swiping a debit card to make a purchase could mean an extra charge out of your pocket.) 
Starting in early 2012, Bank of America account holders will be charged a five-dollar monthly fee just for using their debit card anywhere it is accepted.
SB: Kathryn Whitbeck, Vocal Performance Freshmen "...something that's mine."
Chase and Wells Fargo are now testing out a three-dollar monthly debit card fee in select markets. Neither bank says when it will make a final decision on the card charge.
SB: Tatiana Salazar, Mass Communications Senior "...of my account."
Many have decided to change banks.
SB: Josh Richardson, Manufacturing Engineering Sophomore "...a credit union."
SB: Salazar "...a credit union."
Others are still weighing the pros and cons. 
SB: Kyle Amstutz, Physics Freshmen "to my switch."
But not every customer is worried.
SB: Adrian Omar Ramirez, Journalism Junior "service for me." 
Regardless of which bank they use, customers should review their account statements for changes in their checking fees.
For Bobcat Update, I'm Ashley Flores.