Money Fix: Avoiding those new bank fees
Bank of America withdrew it's plan to begin charging its customers a $5 monthly fee in 2012 to swipe debit cards. The outrage on social networks Facebook and Twitter may have been part of the push back About 38.7 million people who carry the cards were facing decisions on whether the convenience of carrying a banking card was worth the extra fees. Credit: AP
Twitter and Facebook have been sizzling with consumers venting about some big banks' announcements of new fees for checking accounts or debit card use.
Venting may release some steam, but an additional approach is to see how to avoid those fees, says Lynette Baker, director of marketing for RethinkingDebt.org, a Rochester-based credit counseling agency with an office in Hauppauge.
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