Much has been made of the recent reports of debit card fee increases, monthly fees for formerly free checking accounts, and so on. Consumers are understandably upset, and many are threatening to switch banks. But will they? Will you?
I’m curious, so I thought this would make for a good poll topic. Truth be told, switching banks isn’t all that hard. Sure, it takes a bit of time and effort, but there’s really nothing standing in your way. Except, perhaps, inertia. While switching banks isn’t hard, standing pat is far easier.
While I’m annoyed by all of these extra fees, they won’t actually impact us. Yes, we bank with BofA, but we don’t use our debit cards — other than for ATM transactions, which are free — and we aren’t facing any other fees. At the same time, I like having access to our bank and a huge network of ATMs when we travel.
Thus, we’re not planning on switching. What about you?
As always, please feel free to leave a comment to add some context to your response. And please be honest. If you’re made as heck, but too lazy to do anything about it, be sure to ‘fess up. 😉