When you charge people to issue them a debit card, then charge them to put money on the card, and charge them a monthly fee in order to have a debit card, you’re no longer providing a service. You’re simply preying on your poorest and most financially illiterate customers.
This is insane:
Walmart’s Debit Card Has Lots Of Hidden Fees
- Card issue fee: $8.94
- Reload the card with more money: $4.64
- ATM transaction fee: $1.95
- ATM balance inquiry: $0.75
- Monthly maintenance fee: $4.94
- Statement fee: $2.00
And you know it’s insane. Your greed is destroying the financial future of financially strapped people.
Show some maturity and social responsibility.
Provide cards at reasonable rates – you’ll still make money on every transaction – and get your foot off the throats of your poorest customers.
via Consumerist & j-walk blog