Say goodbye to free checking at Bank of America if you have a low balance. Customers will see a fee if their balance is below $1,500 and they aren't happy.
A Clayville soldier who has been fighting with the Bank of America over fraudulent debit charges is finally getting his money back, two years later. Better late than never.
In September, Bank of America announced it would soon begin charging customers a $5 monthly fee for using their debit cards, saying it was recouping losses from new laws that limited how much it could charge merchants when debit cards were swiped during transactions.
But after a firestorm of negative publicity, BofA waved the white flag of surrender and scrapped the controversial plan.