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Released: February 07, 2012
610,000 switched banks to protest debit card fees
Source: E. Scott Reckard, L.A.Times (Free Registration)
About 610,000 U.S. bank customers switched to a smaller institution in the last three months of 2011 to protest plans by major banks to impose monthly charges for using debit cards, according to a financial services market-research firm.
That represented 11% of the 5.6 million U.S. people who switched banks during that period—a relatively modest number, Javelin Strategy & Research said in a report Monday.
Read Full Article: 610,000 switched banks to protest debit card fees
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