Bank Of America Releases The Ebanking Checking Account

With Bank of America's new eBanking Checking Accounts, you will have to avoid teller-assisted deposits or withdrawals if you want to avoid a $8.95 monthly fee. Here's an excerpt from Bank of America's press release

eBanking customers who make deposits and withdrawals through Bank of America's convenient electronic channels and receive online paperless statements pay no monthly maintenance fee, regardless of their account balance or number of transactions in a given month. Otherwise, the customer pays for the value of the account through an $8.95 monthly maintenance fee.