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Bank Of America's Plans Of Dealing With New Regulations

Sunday, July 18, 2010 - 9:47 AMBank of America - Details
AP article (via Yahoo) reviews how the mega-banks are planning to offset the effects of the new regulation. Here's one example of what Bank of America is working on:
A Bank of America pilot program in Georgia, for instance, charges customers $8.95 a month to get paper statements or use bank tellers. The bank could start the program nationally as soon as next month.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Sunday, July 18, 2010 - 12:56 PM
I never liked these bar stewards - arrogant power mongers. I hope they'll get cut to size in the next few.

Maybe start with eliminating the gazillions they pay congress in their bribing, uh, lobbying efforts...
darkdreamer4udarkdreamer4u178 posts since
Jun 11, 2010
Rep Points: 638
2. Monday, August 2, 2010 - 5:51 PM
Charlotte Observer has some more details on this new eBanking checking account
The eBanking account will not require customers to keep a minimum balance. It will be free for customers who agree to receive their monthly statements online instead of in the mail, and agree to use ATMs instead of tellers for withdrawals and deposits. Otherwise, customers can still sign up for eBanking, but they'll pay an $8.95 monthly maintenance fee.

According to the article, Bank of America will make this eBanking checking account available nationwide on August 6.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634