International edition
September 27, 2020

To boost online banking

New fee structure in Bank of America

(US).- Bank of America has offered accounts with no fees, but they are now changing the way they do business. Only the accounts with large amounts of money in them, and account holders that accept e-statements will receive free checking.

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n the other cases, gamblers can expect to see fees that are steeper than the ones they are paying at their online sites. Poker players typically get hit with a percentage of each pot that goes to the house. Bank of America is preparing to charge US$6 to US$25 in fees monthly for those account holders than do not use other services the bank has to offer.

Four new levels of accounts have been unveiled in the new fee structure. The Essentials account will have a monthly fee, and customers will receive debit cards. Enhanced accounts require customers to have a US$2,000 minimum balance or else the account holder must pay service fees.

eBanking accounts will also waive the monthly fee if the customer chooses to accept processing all of their banking transactions online or at the ATM. These accounts also will receive only e-statements. Premium accounts will be given out to customers that keep a minimum of a US$20,000 balance.

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