SCREW YOU BANK OF AMERICA, YOU GREEDY BASTARDS!

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SCREW YOU BANK OF AMERICA, YOU GREEDY BASTARDS!

BANKING

‘These weasels.’ Bank of America gets ripped online for killing free accounts

BY DEON ROBERTS

deroberts@charlotteobserver.com

 

 

Bank of America’s decision to eliminate a free-checking account continues to anger many customers and others – and they’re taking to social media to give the bank an earful.

The Charlotte-based bank this month completes a years-long phaseout of its eBanking account, which didn’t charge monthly maintenance fees if customers received paperless statements and didn’t use bank tellers for routine transactions. Bank of America has converted such customers to another checking account that requires them to keep more money at the bank to avoid fees that are higher.

[READ MORE: Bank of America faces backlash for eliminating free checking account]

Critics have lashed out on Facebook and Twitter, with many saying the move hurts low-income people and that they planned to stop doing business with the bank in protest.

“This action caused me to close my last account with these weasels,” one person wrote on Twitter.

sybann@sybann

And this action caused me to close my last account with these weasels - the same ones that locked my recently widowed mother out of her joint account: Bank of America Decides to Pile Steep New Fees Onto Its Poorest Customers http://splinternews.com/bank-of-america-decides-to-pile-steep-new-fees-onto-its-1822330627?utm_medium=sharefromsite&utm_source=Splinter_twitter … via @Splinter_news

Bank of America Decides to Pile Steep New Fees Onto Its Poorest Customers

This month, Bank of America will be moving all of its customers off of a popular free eBanking service and into new accounts that will charge a $12 monthly fee unless people hold a balance of at...

splinternews.com

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“Seriously, BoA, do you want to keep your customers? Because there ARE other options out there,” another tweeted.

Laura J. Nelson @laura_nelson

Bank of America will charge low-income customers $12 per month for their checking accounts unless they have a $1,500 account balance or monthly direct deposits of at least $250: https://www.wsj.com/articles/bankofamerica-no-more-free-checking-for-customers-with-low-balances-1516625715?mod=e2tw …

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