Your debit card may soon be denied for purchases greater than $100 or even as little as $50.
Chase, one of the largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal.
Every time you swipe your debit card,bank charges the retailer an average fee of 44 cents, which it shares with its partners. This little fees, however, add up to about $16 billion per year, according to 2009 data from the Federal Reserve.
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