Report: Free checking at big banks slowly disappearing

Dayton Business Journal | November 19, 2012

Stephen Wilson, chairman and CEO of Lebanon-based LCNB Corp., said he expects to see more banks following suit and adding fees as a result of the Durbin Amendment in the Dodd-Frank Act. The amendment caps the fee banks can charge per debit card transaction at 21 cents per swipe, less than half of what banks had been charging, in order to give more of the revenue to the merchants.

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