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Bank of America free checking account...now charging me??

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MrsBurtch525
Year for change!

Member since 1/09

6017 total posts

Name:
Taryn

Bank of America free checking account...now charging me??

I opened a Bank of America MyAccess checking account last year, it was a free checking account meaning no monthly fees or anything and has been until today when i got a letter saying starting in June i will start to get a $12 monthly fee unless i keep $1,500 in it at all time which im a SAHM so that won't happen, can they do they when i was told it was a free checking account? They never said anything about that changing after a certain period of time...

Posted 4/9/11 12:37 PM
 
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MorningCuppaCoffee
Tired!

Member since 12/07

16353 total posts

Name:
Allison

Re: Bank of America free checking account...now charging me??

A lot of banks do this. It's a sign of the times if you ask me. There are plenty of banks that won't charge you (or have a low minimum balance requirement) so shop around.

We have TD but you have to keep at least $100.00 in checking at all times for them not to charge you.

Also check out that bank affiliated with Stop & Shop. I think it's Citizens. They stalk me to open a checking account whenever I go there so maybe they have good perks.

Posted 4/9/11 12:58 PM
 

Cheeks24
Living a dream

Member since 1/08

8589 total posts

Name:
Cheeks

Re: Bank of America free checking account...now charging me??

I would see what options for other accounts they have. You can switch to one of those. Mine is free with direct deposit.

Posted 4/9/11 1:05 PM
 

DGoldfarb0776
LIF Adolescent

Member since 4/08

767 total posts

Name:
Danielle

Re: Bank of America free checking account...now charging me??

I know some banks are doing this- Bank of America is one of them DH and I have an account with them and we're going to be closing that out soon enough because of the fees- $25 a month unless you have a certain balance (or combined balances)...imo I never liked Bank of America.

Posted 4/9/11 1:18 PM
 

Mommy2Boys
My Boys!!!!

Member since 6/06

14437 total posts

Name:
C

Re: Bank of America free checking account...now charging me??

Chase just started something similar. You are charged $12/mo. If you keep less than $1k a month In your account.

Posted 4/9/11 2:39 PM
 

SweetCin
My green-eyed boy

Member since 5/05

13499 total posts

Name:
Cin

Re: Bank of America free checking account...now charging me??

I think the exception w/ BofA & Chase is if you have direct deposit to it; the fees are waived.

Check out TD too.

Posted 4/9/11 4:09 PM
 

Bearcat
Love my little girls!!! <3

Member since 6/10

10818 total posts

Name:
E

Re: Bank of America free checking account...now charging me??

i haven't had any fees charged with my BOA MyAccess Checking. I've had the account since 1997.

Posted 4/9/11 4:51 PM
 

Erica
LIF Adult

Member since 5/05

11767 total posts

Name:

Re: Bank of America free checking account...now charging me??

Try a credit union.

Posted 4/9/11 5:00 PM
 
 

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