Credit Talk USA - Topic for 10-13-2011 at 1PMcst

This Thursday at 1pmCST Credit Talk USA Worldwide Live will be talking about the fact a number of banks have been testing debit card fees. Bank of America is moving beyond the testing phase and will begin charging all debit card users a $5 monthly fee soon. Citi found another path towards customer-generated revenue. Until now, the Citi checking account (called the “Citibank Account”) has featured a $20 fee for customers who haven’t maintained a $6,000 balance. With the introduction of the new fee structure, the new minimum balance to avoid the $20 fee will be $15,000, combined across savings and checking.