Debit card charges

In a reversal of policy, Chase and Wells Fargo announced that they will not charge their customers for using their debit cards. The retail banking arm of JP Morgan Chase will stop charging customers a $3 a month fee for using debit cards. Chase which operates in 23 states along with Wells Fargo & Co. which operates largely in the Western parts of the United States has also decided to terminate their planned charged as well.

Now only Bank of America which continues with their plan to charge their customers $5/month to use their debit card and the plan is catching a lot of heat.