Bank of America Considering Checking Account Fee
1 year ago
Bank plans to force customers to bank online
Bank of America continues to find ways to alienate their customers.
Wall Street Journal is reporting that the bank plans to implement a monthly fee for having a bank account. They will however wave the fee if you maintain a set minimum balance, use a credit card or take a mortgage with the bank.
The program, called "Essentials" banking, is already being tested in Arizona, Georgia and Massachusetts, charging customers between $6 and $9. If the program is fully implemented, customers can expect to pay $9, $12, $15 or $25.
This news comes months after a backlash from customers when Bank of America attempted to charge a $5 fee for using a debit card.
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