NORTH SALT LAKE, Utah—More than one-third of Americans (37%) are unaware that debit cards may charge fees, a new study by Lexington Law reveals.
Debit card fees may include PIN charges (fees for using a PIN in a debit transaction), processing fees for using out-of-network ATMs, international fees for using your debit card outside the U.S., and overdraft fees for a debit transaction without sufficient funds in your account.
“The good news: banks must disclose these fees upfront in the terms and conditions of your debit card account. The bad news: most people don't read the terms and conditions,” stated Money Tips.