As we have seen over the past months and years, big banks have continued to levy high fees for banking services. Who can forget the Bank of America proposed $5 debit card fee? In recent articles in both The Huffington Post and U.S. News, JPMorgan Chase and others have been mentioned as trying to "normalize" banking fees, comparing them with other routine monthly expenditures, such as gym memberships and Netflix.
But there are alternatives! PerkStreet, an Ad Club member, lead by Capital One Payments division co-founder Dan O'Malley, believes that banks should "reward--not charge--customers for the privilege of using their money" says The Huffington Post.
Dan O'Malley was quoted in U.S. News today, saying that "big banks have to find a way to pay for the two "B's": branches and bonuses. They're both really costly and they increasingly have to look at consumer fees to fund these two things."
Read the full text of the articles at the above links, and visit Dan and PerkStreet for more information.