Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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*The above MyAccess® checking account change does not apply in Arizona, Georgia and Massachusetts.
This is written on the "changes to your account" statement. Thankfully I'm in Georgia.
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Honestly, there is no real reason to keep a BofA saving account unless you have another reason for it (e.g. shared savings account, or a linked back-up account if you're prone to bouncing checks). ...
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Seriously. I'm a cheap bastard but even I understand that they're not big evil corporations because of them protecting themselves.
It's like the people who complain that their phone bill is $20 a...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
I proposed the link to the checking account first just because it seems like a good way to bypass the monthly fees and to not have to worry about maintaining a minimum balance. I might be doing it...
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
I worked for BOA for a few years, and their business model is to make money of of fees, no interest payments. In fact, most of the interest payments on mortgages goes to the investors of mortgage...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
they charge plenty of other fees, but normally the banks get their money back from interest, since in a checking account they just "hold" your money for you
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
BoA's site doesn't seem to offer MyAccess checking for AZ, GA, and MA. Maybe grandfathered accounts in your state will not change like other states.
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
I finally closed my checking and savings account. Tired of BS from BOA. Last month, I closed two credit cards with them due to annual fee.
No more business with BOA thankfully.
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Yes, I read its terms about it last night and you have to have brokerage account links to your checking account. But what does that "linking" mean? Do we have to buy some kind of stocks or bonds with...
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Is it really that hard to have a direct deposit go to the account or keep a $1,500 average daily balance?
I mean it does cost the banks something for you to have a checking account so they gotta...
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Do they charge conversion fee when we withdraw foreign cash at foreign countries?
Do we have to have any activities on their brokerage account? They force us to open a brokerage account to link to...
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Nothing is wrong with it but when they start them for being evil capitalistic organizations that are out there to screw them over than that's a different story.
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Me too. I just closed both Chase and BOA due to their new $1500 daily minimum requirement. I rather put that $1500 into my saving account and at least I can withdraw, smell my own money than having...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Thanks for the advice, you bring up a good point in keeping the BoA savings low for emergencies. I'm never late on my CC bills and have rarely had any emergencies happen.
The only thing I'd be...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Chase will only charge a fee if you exceed 6 withdrawals/transfers in a month -- BoA, too.
A $250 internal transfer from savings to checking does not qualify as direct deposit, so it would not...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
yes, it sounds silly because they will charge you a transfer fee for any saving to checking account. Chase will charge $12 per saving to checking transfer. I am not sure how much BOA will charge. Why...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
I dont use the brokerage account at all. I did open it because they made me open it but they assured me that I can leave zero in it and I wont get any fees. Fine enough with me.
So I opened a...
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Did you open the account online? Schwab's only has couple locations in San Fran and Reno (nevada). Ofcourse they do not have any bank in my state. They only have brokerage locations. I dont really...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Thanks for the information. It seems that the only change is the monthly fee will become $12, but the $1,500 min balance or direct deposit stuff is still the same.
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
It is when the only reason I have a B of A account at all is because it's the only really convenient option to pay my B of A credit card balance online. They make money in interest for the credit...
Bank of America MyAccess Checking monthly fee - all states
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Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
I did leave lol. I do all of my actual transacting with USAA now, only using B of A when I need to deposit checks for cash faster since USAA doesn't have a center in town for that. I don't mind a...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
We should all move our assets to local credit unions. Maybe then these banks will realize how much money they have from us. Maybe then they will realize the impact of losing customers.
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
This might sound a bit silly, but will transferring $250 from savings to checking every month waive the fee?
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Honestly.
There are costs to maintaining an account, which is why they insist you have a minimum balance (in reality this translates to loan interest income for them).
But, you are free to take...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
I switched my account to ebanking today, there's no monthly fee unless you use the teller. You do have to opt for paperless statements.
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Totally different senerios. People wanted free checking accounts and that's what it's used to be for Chase and some other banks. If the phone line was free then now they start to charge for it,...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Well, I'm in a little dillema. I have:
BoA Checking, Saving and CC
ING Savings account
Direct deposits goto BoA Savings and I auto transfer a certain amount to BoA checking which then sends...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
What in the world is the big deal? For starters, you can leave bank of america if you want. Second, you can do the ebanker and for most people that is all you need anyway. Third, the balance...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
You can call them and open an account directly with a rep. on the phone. Depending on your circumstance, you may or may not have to provide some form of ID (DL, SS card, etc) in order to open the...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
Bank of America rolled out monthly maintenance fees to some states last year, but it looks like they are making it mandatory for all states this year, beginning May 24, 2011. I found this info from a...
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
its completely normal. I did the same. They said that if you open both (im sure they get more sales purposes) you dont have to keep a minimum balance. Its real nice. And there is no conversion fee....
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
I closed out my Chase as well. I ended up going with Charles Schwab checking. Free checking + free atm withdrawals anywhere in the WORLD (thats right not just US).
Bank of America MyAccess Checking monthly fee - all states
Expired
Thread created 03-30-2011 by oae
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33 Replies
5,613 Views
So as long as you're ok with them eating the supposed cost of $300 for them to maintain a checking account that you virtually never use the banks are evil. You do realize that it's actions like...
