NEW YORK (
has decided not to follow
Bank of America's
lead and introduce new debit-card fees.
After eight months of testing, JPMorgan won't charge customers who use their debit cards to make purchases,
The Wall Street Journal
reported, citing a person familiar with the bank's plans.
Bank of America said it would begin charging early next year a
for debit card purchases. The move generated a backlash against the bank, with many customers threatening to take their business elsewhere.
earlier this month found of the 7,000 survey-takers, 83%, or 5,868 voters, said they were "sick of being nickeled and dimed" and would stop banking with Bank of America, the nation's largest bank by assets.
Other big banks, such as
, said recently they wouldn't impose monthly fees on debit cards.
-- Written by Joseph Woelfel
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