Bank of America appears poised to ignite the wrath of its customer base once again by introducing a new fee structure for basic checking accounts. The company reportedly is readying changes that will require users of basic checking accounts to pay a monthly fee. If the customers agreed to bank online or, buy more products, or maintain a certain balance, the fee may be waived. The bank is said to be testing pilot projects for fees in the range of $9 to $25 in three states.
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Fee-Hungry Banks May Test Customers' Patience Again
Posted by: Erika Morphy March 2, 2012 05:00 AMBank of America appears poised to ignite the wrath of its customer base once again by introducing a new fee structure for basic checking accounts. The company reportedly is readying changes that will require users of basic checking accounts to pay a monthly fee. If the customers agreed to bank online or, buy more products, or maintain a certain balance, the fee may be waived. The bank is said to be testing pilot projects for fees in the range of $9 to $25 in three states.