by: Kelsey B.
target: Brian Thomas
Moynihan, President of Bank of America
Bank of America has just made
a policy change stating
that customers will be charged $12 per month for use of a checking account if
they don't have direct deposit of $250 or more or at least $1500 in their
account at all times. Which translates to a fee that will only be applied to
its poorest customers.
Sign now to ask Bank of
America to drop this greedy fee that will make life even harder for poor
people.
When someone is living hand to
mouth and/or doesn't have gainful employment, $250 coming in or $1500 in the
account at all times is an extremely tall order. Corporations should
use their power to help people become financially stable, not punish them for
being poor.
The way these fees work is so
sneaky too. I personally have been in a situation where I was charged a $12
bank fee that I didn't know about and that caused me to overdraft and then be
charged an additional $30. There is no doubt that this change will cause this
chain of events in many customers.
Honestly, Bank of America is
going to make so much money off of this change and the people who get dinged
will have to do things like skip meals or forfeit medication. $12 may not
seem like a lot if you are someone who has $250 or more coming in and a nest
egg of $1500 that you don't have to use, but for everyone else, it is the
difference between eating dinner and not.
Sign now to call Bank of
America on their greedy move and make them end it immediately.
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