Bank of America Cuts Itself Out of Account

By Omar Villafranca
|  Friday, Jul 16, 2010  |  Updated 1:02 AM CDT
View Comments (
)
|
Email
|
Print
BoA's Bank-less Checking Account

Getty Images

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

advertisement
Photos and Videos

BoA's Bank-less Checking Account

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

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."

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.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out