Fresh out of college a few years ago, Tyler Leonhardt accepted a position at Bank of America.

He said he is not surprised at how the financial behemoth tried to levy a $5 monthly debit card usage fee.

"At first, when I heard about the fee, I knew exactly what they were trying to do," said Leonhardt, 26, who is now a loan officer at the $31 million Carolina Federal Credit Union in Cherryville, N.C.

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

  • 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.
NOT FOR REPRINT

© 2024 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.