Overdraft fees at the nation’s 14 largest banks have increased after two years of stagnation, according to the Consumer Federation of America.
A new card from Fifth Third Bank promises to make the often routine cashier question “debit or credit?” a lot more important for consumers who hold them. And it brings the bank a strategy for getting around at least some of the Durbin amendment’s interchange cap.
New plastic from Fifth Third Bank functions as both debit and credit card and avoids Durbin cap.
Cincinnati-based Fifth Third Bank continues to gain visibility as an alternative to corporate credit unions, but senior bank executives also made plain that their approach to credit unions fundamentally differs from a corporate’s.