Are Debit Card Fees Meant to Get Consumers to Use Credit Cards More?

Why are Bank of America and other financial institutions charging new monthly fees for debit card usage? The move has predictably caused a backlash, and the net result may be that fewer customers will keep using debit cards at all. Could that be the point?

Read more: http://moneyland.time.com/2011/10/07/are-debit-card-fees-meant-to-get-consumers-to-use-credit-cards-more/#ixzz1aH8rdngo