Bank Of America Delays Plans For Checking Account Fee Increases Planned For 10 Million Customers

December 1, 2012
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Bank of American has decided to delay instituting fee increases on checking accounts this year for more than 10 million of customers who the bank does not feel are profitable, according to the Wall Street Journal.

Bank of America

The WSJ story says that “the decision to hold off on new checking-account fees at least until late next year comes amid a sweeping review of the bank’s retail-banking business, said people familiar with the bank’s plans.”

The fee increases were originally planned for the end of this year.

In the meanwhile, the WSJ says that Bank of America is looking for ways to earn more money from the 10 million customers by convincing them to use additional services from the bank, including having direct deposits.

 

 

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One Response to Bank Of America Delays Plans For Checking Account Fee Increases Planned For 10 Million Customers

  1. Freedom Lives on December 4, 2012 at 3:25 pm

    Uh…it doesn’t take a rocket scientist to figure this one out folks! WHY?WHY?WHY!? praytell, would anyone keep their checking accounts in one of the big mega banks?? Are your THAT dumbed down? Really? Take your money out of their money-grubbing, greedy grip and you have them GROVELING TO YOU for your business instead of them ripping you off for every measly dime they can! Wake the hell up people. When are you going to REALLY get tired of being taken advantage of and being ripped off??? huh???

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