SunTrust introducing debit card fee

Full story: News Observer

SunTrust Banks' "Everyday Checking" account, introduced in June, has a $5 monthly fee for unlimited debit card purchases.

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Kim Nashville, TN	Reply » \| Report Abuse \| Judge it! \| #1 Aug 19, 2011 Judged: 1 1 I think that if the government had not passed all of the recent legislation that cut so much of the banks revenue the consumers would not have to pay the petty fee's to make up the difference. We can't be angry with the financial institutions that were never designed to be non profit organizations. Free checking accounts are a fairly new idea and in the current economic climate just doesn't make sense. Just look at it as you are helping keep people employed. It costs money to have people available to field your fee complaints. lol
susan Temple Hills, MD	Reply » \| Report Abuse \| Judge it! \| #2 Aug 23, 2011 Judged: 1 Are you serious? Banks create customer loyalty through their checking accounts. This leads to more consumer and mortgage loans for the bank, which are their moneymakers. When you have kids in college, they need separate accounts, so with 2 kids I'm going to have 3 accounts, hence $15/month just in debit fees? And on top of that, Suntrust will start charging a fee for my kids accounts because they don't have direct deposit to their account. Well they are students. That is an additional $14/month. Figure that out--$29/month is $348/year! That is ridiculous. Suntrust will lose my business--all of it. And you are right, it costs money to field your fee complaints. I hope they are bombarded with complaints.
todd Goldman Atlanta, GA	Reply » \| Report Abuse \| Judge it! \| #3 Oct 16, 2011 You can have a Solid Choice Bank Account and pay $17/month if the fee waivers are not met and it allows up to 3 additional free accounts...just a suggestion. susan wrote: Are you serious? Banks create customer loyalty through their checking accounts. This leads to more consumer and mortgage loans for the bank, which are their moneymakers. When you have kids in college, they need separate accounts, so with 2 kids I'm going to have 3 accounts, hence $15/month just in debit fees? And on top of that, Suntrust will start charging a fee for my kids accounts because they don't have direct deposit to their account. Well they are students. That is an additional $14/month. Figure that out--$29/month is $348/year! That is ridiculous. Suntrust will lose my business--all of it. And you are right, it costs money to field your fee complaints. I hope they are bombarded with complaints.
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