SunTrust Banks are eliminated their monthly fee for checking cards. This is great news for consumers and comes on the heels of Bank of America announcing they will not implement their monthly debit card fee for Bank of America customers.
Banks understand that customers don’t want additional fees on what they consider free checking. Not only don’t customers want these additional fees, they are verbalizing their unhappiness and won’t stand for these charges on free checking accounts.
A free checking account is defined by many customers are simply that, “free checking”. They are unhappy with banks offering free checking and then nickel and diming their free checking with additional fees such as debit card fees and checking card fees.
SunTrust Bank spokesman, Brad Dinsmore, advised that the… » Read more