debit cards

By Michael Germanovsky During the financial crisis, many consumers relied heavier upon their debit cards as opposed to their credit cards. Because a debit card is linked directly to the cardholder's checking account, and the funds are deducted per purchase, it makes budgeting easier for many...

If you only read Thursday's coverage of Bank of America's decision to impose a $5 monthly debit card fee by Associated Press Personal Finance Writer Candice Choi, you would have no idea that last year's “Dodd–Frank Wall Street Reform and Consumer Protection Act” triggered BofA's decision. The...

In a time where banks are raising their fees and charging consumers for using their debit cards, going bankless and using other means of payment has caught on. About 1 in 5 people are reported to have gone bankless and have resorted to gift cards as a means of payment and consumption. People are...