Banks should waive monthly service fees for individual accounts during COVID-19

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The Issue

Financial institutions, such as the major banks, are telling us to support their  customers because they added new financial relief measures for businesses and individuals. Financial institutions are telling us, "we’re in this together."  For many individuals every dollar counts during these times. While it's great debit tap limits have increased, this means monthly service fees can also increase for the number of e-transactions.  During these times, banks should waive these monthly fees because, if we are all in this together, they should realize for many customers every dollar counts.

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