Posted in the Granby Forum
#1 Apr 28, 2009
I am one of millions of fixed income, Social Security only, senior citizens. I have been a customer of Bank of America since they acquired Fleet, where I had my account. Both banks had a policy of free checking for customers with direct deposit, which I have.
I have received a pamphlet announcing several new customer charges, including a $12.00 per month charge for direct deposit accounts with a daily balance under $750.00. This may seem like peanuts to many but, for those in my situation, this is just not supportable, especially since the obvious reason is the toxic debt from acquiring Merill Lynch - whether done under pressure or not, a terrible business decision. Certainly, the poor should not have to suffer because of this. Why not make an exception for SS recipients
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