A lot of people are outraged at the recent story that banks are considering charging consumers who use their debit card for either debit card or credit card purchases a monthly fee. Bank of America has announced it will charge its customers a $5 monthly fee. There are groups that say its a good thing and others that disagree. Ed Butowsky, managing partner of Chapwood Investment Management, joins Fox News to debate to reality behind these bank fees to use your banks debit card. What are the ramifications of these bank fees?
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
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