Have you opened a checking account at a bank that the bank claims is free for life? Did it stay free even after the bank was acquired by another bank? This article from the ABC affiliate in San Francisco has an amusing story of a man who has been successful in keeping his checking account free for 40 years. However, it took some recent fighting with Bank of America to keep it free.
This consumer's account stayed free for 40 years and then fees showed up on his statement. He demanded the bank live up to its promise no matter how old the promise. Robert Whitten was a 17-year-old high school junior in Virginia in 1971 when he made a great financial decision.Read more