BofA Eliminates Free Checking Accounts, Now Charging $12 Fee to Low-Balance Customers

EXCLUSIVE- Bank of America has quietly shuttered its #free #checking account, now requiring #customers to keep a certain minimum balance in their #accounts, or set up direct deposit of at least $ 250, to avoid a $ 12 monthly fee, the Wall Street Journal reported yesterday. The #banks’s eBanking customers, all of which were switched into accounts […]
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