Debit card fees: Debit cards likely to get much more expensive for consumers - chicagotribune.com
Electronic debits are much less expensive to process than checks or cash; banks have saved billions in operating costs, said Ed Mierzwinski, consumer program director at the U.S. Public Interest Research Group. But the industry has largely pocketed those savings rather than pass them along to customers, he said, and now they’re looking to charge users for the convenience.
