Is There Any Point Begging Banks To Drop Debit Card Fees?

In the aftermath of Bank of America's new $5 monthly debit card fee, politicians, consumer groups, and plain old angry consumers have denounced such fees as unfair and arbitrary, and pleaded with BofA and other financial institutions to get rid of them. But instead of asking these banks to reverse their decisions, perhaps it’s more productive to ask why it is you’re doing business with them in the first place.

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