Consumers Try to Adapt to Exorbitant Debit Card Fees 
Within the past few weeks major banks across the USA hikes their fees for using debit cards, while they also discontinued debit card rewards programs. The big banks claim that they had no choice in the matter because they are being overregulated and are losing vital profits, but most consumers consider that a pretty lame excuse.
The fact is that banks are losing profits thanks to the fact that they are finally being forced to stop charging outrageous credit card fees and using sneaky devices to add miscellaneous fees and charges to checking accounts. They can no longer enroll you in an overdraft program without your explicit permission, for example, a strategy that was helping banks make extra money every month on tens of millions of customers. Neither can they raise your credit card rates without warning or for no reason. They are also being forced to be more transparent about lucrative multi-million dollars deals they enter into with universities in exchange for pushing credit card debt on unsuspecting students.
Consumers now being asked to pay $5 or more just to withdraw their own cash from an ATM machine are learning to fight back by various means. Some are switching to user-friendly credit unions, for example, and others are discontinuing the use of debit cards in favor of rewards credit cards. But for now banks seem to be following the example of the airlines by hitting their valued customers with extra fees while providing fewer services. Instead of blaming high gas prices like airlines do, though, banks blame it all on the fact that they are being asked to be more transparent and fair in the wake of the credit crisis and horrific recession they helped to create.
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