Bank Of America Online

July 15, 2010 by Post Team 

Bank Of America Online:Bank of America is launching a new “Electronic Banking” account early next month that will charge a monthly fee and 8.95 if the customer wants that the judgments of paper or ATM access to routine declarations.

Otherwise, it’s free for customers who rely solely on the bank’s online and mobile banking platforms and ATM network. In the fall, the account will replace the product CollegeEdge bank checks, which does not carry a charge.

Offer Details

The new account can be opened online, by phone or through a branch. When a customer logs on to Online Banking for the first time a message is the promotion of electronic statements. Customers should also use ATMs to check balances and deposits and withdrawals, or you will be charged the rate and 8.95. ATM service is available for transactions that an ATM can not handle, such as those related currencies.

No initial deposit required, and direct deposit available. If you open a savings account and is eligible for Bank of America “Keep the Change”, which rounds the cost of debit card purchases to the nearest dollar and deposits the difference into a savings account.

Entre racks

Banks of all sizes have been introduced or increased maintenance fees for checking and savings accounts to help offset costs. Most have options for customers to avoid fees, such as using direct deposit or minimum balance.

The industry has also been trying to direct customers to online statements. Few banks have begun to charge for paper returns, butanlysts expect more to adopt such a quota.

Bank of America is to emphasize the desirability of the new account for customers who are “ongoing.” The bill was designed to attract young, tech-savvy consumers. But David Owen, payments and products with the executives of Charlotte, North Carolina-based bank said customers who have opened accounts in a test run in Georgia demographics span larger than expected.

More than one third of the audit of the accounts opened in Georgia since November have been eBanking accounts, he said.

Copyright © 2010 The Associated Press. All rights reserved.

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