Banks consider $50 cap on debit card purchases

With the pending government price controls on debit Interchange fees, as predicted, banks will find ways to steer customer payment choice to higher priced cards. One method under consideration is to limit debit card purchases to a $50 max. In addition, banks may begin charging monthly or transaction fees to use debit cards.

Read Rules could change how you use debit cards for more information.

by Ty Hardison

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