Contact Us

Bank Of America Has ‘New’ Fees In Mind For Customers

Scott Olson, Getty Images

Last year consumers fought back, and won, after Bank of America began instituting debit card fees. Never one to say quit when it comes to collecting more fee’s, Bank of America is now trying out new charges that can be applied on checking accounts.

The new program is being tested in three different states, and it is costing Bank of America customers between six and ten dollars a month to keep their money with them. Customers can sidestep some of the fees if they maintain minimum balances or bank online. Customers in Arizona, Georgia and Massachusetts are the testing ground to see what the market will bear.

More big retail banks, including J.P. Morgan Chase and Wells Fargo, are following suit with similar plans to raise their fee revenue.

Bank of America did respond Thursday with this comment:  “We have made no decisions on the construct of new product offerings as the tests are still ongoing. When we do finalize our plans, we will communicate with our customers. All our current and future offerings have ways to avoid fees.”

[Wall Street Journal]

Best of Cars 108

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Please solve this simple math problem to prove that you are a real person.

Sign up for Passenger Rewards quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Passenger Rewards contests, events, coupons, presales, and much more delivered to you for FREE.