Lower-income Bank of America customers face $12 monthly fee after account shift

Bank of America, the second-largest U.S. bank by assets, just finished switching all customers from a free online-only checking account to to checking accounts that charge customers a $12 monthly fee if they don't maintain a minimum daily balance of $1,500 or a monthly direct deposit of at least $250, The Wall Street Journal reports. The eBanking accounts were popular with freelancers and people with low incomes, and a petition protesting Bank of America's shuttering of the accounts has...

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