Checking account assessment fee / NEW Assessment Fees for not meeting THIER minimum requirements
I just received a letter from Bank of America stating that as of September 1, 2009, my checking account will be charged with a $12.00 since I don't meet THEIR minimum requirements of $750.00
When I openend this Regual Checking, I was told that I had a "No minimum requirement" checking account.
When I spoke to a BoA representative this morning, they tell me that they can make any changed (including closing the account) to my account any time they want, as stated in the "terms and conditions".
So, I'm off the to bank to close ALL 3 accounts at BoA. They won't rape me for changing my account without my authorization and try to charge me assessment fees for not meeting their requirements.
Bank of America OBVIOUSLY doesn't want to keep their "little" customers, seems they are not interested in people with low balances and are in the process of getting rid of them.