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Released: October 20, 2011
Consumers to switch banks over debit fees
Source: Elizabeth Ody, Bloomberg
About 30 percent of U.S. consumers said they’d leave their banks over fees for using their debit cards, according to a survey by the Research Intelligence Group.
About 43 percent said they’d switch to paying with cash or credit cards if their bank implemented charges, while 13 percent said they’d pay the fee if it was “reasonable,” according to the survey released yesterday by the Fort Washington, Pennsylvania-based consulting and market-strategy firm.
Read Full Article: Consumers to switch banks over debit fees
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