Bank Of America’s Poorest Customers To Be Charged For Checking
“The charge, implemented earlier this month, applies to customers with an ‘eBanking’ account, which was free for anyone who didn’t receive paper statements or use bank tellers. Bank of America has phased out eBanking and transferred those customers to ‘core checking accounts’ that require them to contribute a direct deposit of at least $250 a month (that’s $3,000 a year) or keep a minimum daily balance of at least $1,500 to avoid the $12 monthly fee.”