US Banks May End Free Checking Accounts: Report
Bank of America and other U.S. banks may introduce new fees on basic services and eliminate free checking to replace revenue lost to new banking regulations, the Wall Street Journal said.
The move is expected to hurt retail clients who could be asked to pay new monthly maintenance fees on the most basic accounts that do not generate a lot of activity, the paper said.
Link:
http://www.cnbc.com/id/37748317
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