Home News Bank of America: No More Free Checking for Customers With Low Balances

Bank of America: No More Free Checking for Customers With Low Balances

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Trump and Republicans’ deregulation of the banking industry is paying off for big banks. Bank of America just killed their free checking accounts so if you have one, you now need $250 direct deposit or a minimum daily balance of $1500 or you’ll be charged $12 a month. Meanwhile, customers who carry a balance of $10,000 get free acounts that accrue interest. Prey on the poor while gifting the rich—the American way.

Bank of America: No More Free Checking for Customers With Low Balances

In other words: a fee for those with the least to spare.

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