Big Banks Strike Again

News this week of $5/month charge for a debit card have me baffled.  You can find an AP video here and a USA Today article here.

Bank of America announced that they would be charging many customers this new fee to replace revenue they are losing because of ongoing regulatory changes in our business.  Though B of A doesn’t have a major presence in our neck of the woods, suffice it to say that the domino effect will soon bring it here to other large (non-local) banks that are faced with charging consumers with more fees to make up for losses in other areas.

Great Midwest Bank offers a variety of account options and also no-fee ATMs at most of our branches.  Additionally, our customers can access over 600 no-fee ATMs throughout Wisconsin through the ATM Access Network coordinated by the Community Bankers of Wisconsin.

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