about debit cards and that some banks will be charging a monthly fee:
Now let's be clear about what this means. When you put money in a bank, it's your money. The bank uses that money to lend out to others, and make more money itself off interest. The bank hands you a little card that allows you to pull out your own money. The bank isn't lending you the money; it's simply allowing you to use the money in your account. The card simply facilitates the process, and costs the bank nothing. No need to use a bank's ATM or visit a teller to pull out cash. The cost to the bank in using this system is minimal. The bank makes its money off debit card users in the form of overdraft charges and other fees. Charging a fee for using the bank's debit card to access your own money is an amazing insult--especially when considering how many banks offer "free" checking accounts on condition that consumers--you guessed it--use their debit cards at least once a month.