The fact that they’re doing it is not really a surprise — after the passage of the consumer-credit law, we all knew banks would seek revenue elsewhere — but the size of the fees Bank of America Corp. plans to levy on some customers may be unexpected: as much as $300 a year for some accounts.
Bank of America, like rival banks, is instituting new fees and imposing others as it grapples with revenue lost to regulatory and other changes. Competitors such as J.P. Morgan Chase & Co. and Wells Fargo & Co. already have slapped new fees on checking accounts.
http://www.marketwatch.com/story/bank-of-america-ups-fees-categorizes-clients-2011-01-06
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