Financial Reform Ends Erroneous Fees…For 2 Seconds
In response to looming ‘financial reform’, banks are continuing to find new and creative ways to jack their customers.
Bank of America is leading the way by charging $9 per month for paper statements!
For now, the $8.95 monthly fee applies to just one type of account, and only in Georgia. But B of A plans to roll out the product in other markets soon as a replacement for its popular student checking account, which has no monthly fees when opened online.
This is disheartening. We all know B of A can screw their customers much more rapidly than the Federal Government can sluggishly stumble over attempts to block them.