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The Water Cooler
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$5 Debit Card fees????
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<blockquote data-quote="soonerwings" data-source="post: 1628681" data-attributes="member: 8035"><p>Yes and no. Government regulation did cause a consumer fee to be necessary to finance the costs associated with debit cards (these costs were transferred from businesses to consumers). They aren't free to produce/replace. HOWEVER, they cost about $2 to make. There's no way that $60 a year per customer is necessary to deal with the costs. To me, it sounds like they're gouging on the price and finger pointing at regulation to deflect attention away from the profit being made.</p></blockquote><p></p>
[QUOTE="soonerwings, post: 1628681, member: 8035"] Yes and no. Government regulation did cause a consumer fee to be necessary to finance the costs associated with debit cards (these costs were transferred from businesses to consumers). They aren't free to produce/replace. HOWEVER, they cost about $2 to make. There's no way that $60 a year per customer is necessary to deal with the costs. To me, it sounds like they're gouging on the price and finger pointing at regulation to deflect attention away from the profit being made. [/QUOTE]
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$5 Debit Card fees????
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