A few month ago, I opened a Bank of America account. I had also seen an article mentioning that BoA would start charging fees on their "free" checking account. Well people, that moment is here.
I deposited $40, got $100 in referral and bonus. When I checked it this morning, instead of seeing my regular $140, I see $134.05. They took $5.95 for Account Maintenance Fee. This is the most ridiculous thing. Needless to say that this account will be closed first thing on Monday.
Bank of America starts charging Maintenance Fee... See ya!
April 14th, 2007 at 10:24 am
April 14th, 2007 at 11:54 am
April 14th, 2007 at 12:12 pm
April 14th, 2007 at 01:20 pm
How do I close my account?
We are sorry to hear that you want to close your account. We are constantly looking for ways to make banking work for you in ways it never has before and would like to know how we can make this happen for you. Please call us at 1.800.622.8731 or send us an e-mail if we can assist you in any way.
To close your account, please submit your request in writing to Account Closure, FL1-300-02-07, 4109 Gandy Blvd Tampa Fl 33611-3401. Be sure to have all account owners sign the letter and tell us how you would like to receive your balance.
This info was found here http://www.bankofamerica.com/deposits/checksave/index.cfm?template=lc_faq_acct_info#question7
April 14th, 2007 at 06:51 pm
April 14th, 2007 at 09:19 pm
April 15th, 2007 at 08:48 am
I found a document explaining all the fees (Note: this applies for MA), and the maintenance fee will not be charged if I have a direct deposit. I don't get the logic behind that, but anyway. I have only one paycheck coming in and it is already being deposited in another account in another bank.
April 15th, 2007 at 12:24 pm
January 16th, 2009 at 12:51 pm
I just started closing all my accounts with BOA and decided to give business to other banks who are really serving common people with their needs.
January 26th, 2009 at 09:21 pm
March 31st, 2009 at 09:49 am
August 1st, 2009 at 01:57 pm
September 19th, 2009 at 12:59 pm
I have been with them for probably 20yrs if not more! If they dont take it off and if this will really be a monthly fee, bye bye BofA!!
November 4th, 2009 at 10:22 am
December 21st, 2009 at 12:21 am
February 10th, 2010 at 09:05 pm
March 21st, 2010 at 07:57 am
July 1st, 2010 at 02:46 pm
September 9th, 2011 at 07:10 am
Bank of America only charges fees to the poorest among us, those whose deposits fall below $1500 for a regular checking account.
When it does they charge you $14.
That's 1% of your balance if it drops to $1400,
and 10% of your balance if it drops to $140.
So the less you have, the bigger share of it they take from you, ensuring that your account dwindles without you spending any of it.
That's how the bastards among the rich get richer as they cause the poor to get poorer.
I don't know what the logic is of having $1500 in a checking account if you can't use it.