Rockford Bank Of America Is Eliminating a Customer Favorite, And People Are Furious
To say customers are mad would be an understatement. They are furious!
Bank of America, which has branches in the Rockford Area, is about to eliminate it's free checking accounts, which is causing a huge customer uproar.
The Chicago Tribune is reporting that this month Bank of America this month will require:
minimum daily balance of $1,500 or set up a monthly direct deposit of $250 or more in order to avoid a maintenance fee of $12 a month.
$1500 is afar cry from zero. Needless to say, people are furious, leaving very pointed comments on Bank of America's Facebook Page:
An online petition asking Bank of America to reverse it's decision has garnered over 84,000 signatures.
The petition, in part, states:
Many low income families do not meet these requirements. There have been times where I've only had $10 to my name. That wouldn't even cover the maintenance fee.
Bank of America was one of the only brick-and-mortar bank that offered free checking accounts to their customers. Bank of America was known to care for both their high income and low income customers. That is what made Bank of America different. Bank of America was the bank of every American with a dream. Now sadly, Bank of America seems to have changed their mind and wants to no longer offer free checking accounts to the American public.
No word on any response from Bank of America