New York (AP)-Shoppers using their debit cards could soon see their cards declined, even if they have enough money.
J-P Morgan Chase is considering a plan that would limit debit card purchases at either $50 or $100 a day.
At the center of the proposal is interchange fees, the fees banks charge businesses when they swipe a debit card.
Right now, banks charge retailers 44-cents every time a customer pays with a debit card, and those pennies add up to nearly $16 billion a year for banks.
So far, no other banks have announced similar plans, but Bank of American plans to start charging an annual $59 fee for its riskiest customers.