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BofA’s New Debit Card Fees:


Bank of America
From today’s Los Angeles Times, from a column by David Lazarus:

“I asked BofA’s Pace how much it really costs the bank to process a debit card transaction. She declined to answer.

“I asked how much it costs the bank to provide fraud and overdraft protection. She declined to answer.

“I simply asked how many debit card users the bank has. She declined to answer.”Nevertheless, Pace said that BofA is trying to be “clear and transparent with customers” about the fees.”