Bank of America Cuts Itself Out of Account

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    If you don't like stepping into a bank, Bank of America has an account for you.

    If you don't like stepping into a bank, Bank of America may have an account for you.

    Bank of America is testing a new account called "eBanking." It allows account holders to not have a minimum balance and waives monthly fees if customer bank online or use ATMs, but customers have to agree to go "paperless."

    BoA's Bank-less Checking Account

    [DFW] BoA's Bank-less Checking Account
    If you don't like stepping into a bank, Bank of America has an account for you. (Published Thursday, Jul 15, 2010)

    There's also a penalty of almost $9 if a customer makes a deposit or withdrawal with a teller in a bank.

    Some consumers said they don't like the sound of that stiff penalty.

    "It seems excessive and it would make me consider another bank," James Mosher of Dallas said.

    But most customers said they were willing to try it.

    "As long as I can do everything I normally do through the ATM or online then I think that would probably be OK," Neville Crowell said.

    The program hasn't come to North Texas yet, but Diane Wagner, a Bank of America spokeswoman, said the account could roll out in Texas in August.