Bank of America Testing New Accounts and Fees

Bank of America is testing changes in its account programs, along with a new fee structure. The company will try out four new products under the pilot program beginning later this month, for new customers in Arizona, Georgia, and Massachusetts, states which represent 10 percent of Bank of America's customers. The new account structure includes a basic checking account called "Bank of America Essentials" with a monthly fee of $9. Currently, basic checking customers can avoid a monthly $8.95...Full Story
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