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Archive Home > 2009 > September > 23 > Debit card policies revised at Bank of America, Chase

Debit card policies revised at Bank of America, Chase

Moves to lower or eliminate overdraft fees come amid lawmakers’ reform efforts

By Ron Lieber / The Bulletin
September 23, 2009

Bank of America and JPMorgan Chase, two of the nation’s biggest banks, announced plans on Tuesday to drastically overhaul their debit card programs by lowering or eliminating fees, changing the way they credit transactions and allowing customers to opt out of overdraft protection.

The moves come....

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