Search
 

Fees on Debit Cards Fade Into Past, Survey Finds

A survey from Bankrate.com, an Internet site that tracks card trends and their impacts on consumers, has found almost none of the card issuers surveyed still charge the cardholders a fee for using their debit cards, no matter whether they sign to validate transactions or use a personal identification number.

By David Morrison | Updated on March 20, 2007

NEW YORK — A survey from Bankrate.com, an Internet site that tracks card trends and their impacts on consumers, has found almost none of the card issuers surveyed still charge the cardholders a fee for using their debit cards, no matter whether they sign to validate transactions or use a personal identification number.

Bankrate researchers surveyed the 10 largest banks and thrifts in 10 top markets and gathered their check card policies and fees. Only seven of the 100 surveyed institutions charge a point-of-sale, or POS, fee for PIN transactions. Five of these charge per transaction and two charge a monthly fee, the site reported.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.