Wal-Mart Screws the Poor with Debit Card Fees

Dear Wal-Mart,

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