Bank of America has finally given in to the critics and has pulled the plug on their $5 monthly fee to use their debit card. That did not stop thousands of fed up consumers this weekend declaring war on these big banks and pulling their money out in protest for Bank Transfer Day. Saturday, the official Bank Transfer Day, found many consumers protesting these banks by moving their money to credit unions. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News Sunday morning to discuss what other fees banks have up their sleeve for us.
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.
Tags: bank transfer day, consumer, credit union, debit card, fees, financial advisor, money, portfolio, protest, recession, sharpe ratio, transfer, wealth manager