Bank of America announced that it will begin charging a $5 monthly fee for cardholders who use their debit cards, a move that may impact banking relationships on campus.

According to The Daily Californian, other major banks are expected to follow suit including JP Morgan Chase and Sun Trust. Wells Fargo plans to pilot a $3 a month debit card...

Bank of America announced that it will begin charging a $5 monthly fee for cardholders who use their debit cards, a move that may impact banking relationships on campus.

According to The Daily Californian, other major banks are expected to follow suit including JP Morgan Chase and Sun Trust. Wells Fargo plans to pilot a $3 a month debit card activity fee beginning in five states: Oregon, New Mexico, Nevada, Georgia and Washington.

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