Debit Card Fee Debacle: Big Banks Could Lose $185 Billion In Deposits Next Year. #SwipeFees (Huff Post)


The top 10 retail banks are projected to lose $185 billion in deposits over the next year if they dont address consumer concerns, according to a recent study from cg42, a firm that consults with banks. Bank of America, Citibank, JPMorgan Chase and Wells Fargo account for nearly three-quarters of the loss, the study found.

via Debit Card Fee Debacle: Big Banks Could Lose $185 Billion In Deposits Next Year, Report Finds.

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