By CJ

If you’re a Bank of America customer (like millions of Americans are), get ready for some changes to the way you bank.

According to CNBC, the bank switched e-banking customers into accounts that require a monthly fee of $12 unless you have a direct deposit monthly of $250 or maintain a minimum daily balance of at least $1,500.

Consumers are outraged and argue that this penalizes the bankers in the low-income bracket as most receive paper checks and cannot maintain a monthly balance of $1,500.

There is an online petition that has garnered more than 45,000 signatures, asking Bank of America to drop these requirements.

“Bank of America was known to care for both their high income and low income customers. This is what made Bank of America different,” wrote Mel San, who launched the petition. “I urge you to let Bank of America realize that this is unfair to their customers that have been loyal to them for years.”

Banks are beginning to feel out customer needs and try new ways to continue to remain competitive.

 

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From MIX 105.1

Get The App
Enter To Win $50 To Jimmy Hula'sTacos, burgers, and so much more!

Listen Live