My husband emailed me this article today from Minnesota Public Radio. On the heels of Bank of America announcing they will be charging debit card users $5 per month, analysts are asking the question: Are debit cards on the downhill slope of their popularity?
As someone who has used their debit card as a primary mode of currency for the past five years, this news makes me want to shriek. I mean – I rarely use anything else other than my Wells Fargo debit card. (Incidentally, they are testing out a $3/month fee … luckily they haven’t tried that in Minnesota yet.) If my bank decides that a monthly fee is a good idea, I’m going to have to shop elsewhere for a bank. Or run more wholeheartedly to a cash only existence.
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