Bank fees are like sports stadium efforts. You never really kill them, eventually the proposals come back until they’re accepted.
Bank of America, which was roundly criticized last year until it rescinded plans to impose a monthly fee on debit-card customers, is back with a new fee structure, the Wall St. Journal reports today.
The bank is testing a $6 to $9 a month fee for an “Essentials” account in three states. The bank will waive some of the fees for checking account customers if they agree to bank online, which should be another step in the idea of putting the bank teller in the same category as the telephone operator someday.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started the two most popular blogs in the history of MPR and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories but reflections , observations, and debate.