Tag Archives: debit card fees

Bank of America Nearly Destroys Their Business Model

Bank of America may have committed the #1 business model blunder of 2011for their $5 debit card fee. First, let’s get some background. Spoiled U.S. banks have become so addicted to high-profit fees that they seem to have forgotten the customer. The average bank earns over forty percent of its profit from fees. These include, […]


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