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Monday, November 14, 2011

Quieter bank fees

It shouldn't surprise anybody that in the wake of BofA's very public debit card fee-increase debacle, banks are raising other fees on their customers -- very quietly. The banks are betting that customers won't notice.

This trend will continue until customers vote with their feet and move their money out of the big banks. The only thing management and shareholders will understand is lost revenue directly attributable to lost customers.

Isn't it time that your money mattered more to a bank than its money?

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