Sunday, March 11, 2018

What's Your Take?

Bank of America reportedly eliminated free checking for eBanking customers with low income balances. There was no fee as long as customers didn’t use a bank teller for routine transactions and agreed to receive their statements online. The customers will now be charged a $12 monthly fee unless the customer has a monthly direct deposit of $250 or more or a minimum daily balance of $1,500. A petition has been launched with more than 45,000 signers arguing that the new bank requirements are beyond the financial reach of customers with low income.  

What’s your take? Do you think this is discriminatory or business as usual?



1. Jesse said...

Business as usual and discriminatory

2. Cameron said...

Both.Did you hear about Real Brother doing a show about you and Scotty.He has gone too far.

3. Gina said...

I think it's simply business.They are competing with online banks without the cost of brick and mortar.

4. Lawrence said...

They just don't want to deal with anyone that can't afford to pay.

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