My new hero!!!
http://abcnews.go.com/blogs/business/2011/11/molly-katchpoles-victory-over-bank-of-america/
What's even better is that a Bank of America bank officer, when I complained about this fee because I am a long-time customer (more than 25 years! back when they were previously known as Soverign Bank and then Nations Bank) in addition to my mortagage (too much!) and always carry the needed savings balance for the high-end accounts and that officer told me this was a Congressional mandate to all banks and that BoA did not have a choice. I guess the banks can do whatever they want including giving a middle finger to Congress.
http://abcnews.go.com/blogs/business/2011/11/molly-katchpoles-victory-over-bank-of-america/
What's even better is that a Bank of America bank officer, when I complained about this fee because I am a long-time customer (more than 25 years! back when they were previously known as Soverign Bank and then Nations Bank) in addition to my mortagage (too much!) and always carry the needed savings balance for the high-end accounts and that officer told me this was a Congressional mandate to all banks and that BoA did not have a choice. I guess the banks can do whatever they want including giving a middle finger to Congress.