Just what we need: more bank fees.
Bank of America is reportedly working on changes that would require many holders of basic checking accounts to pay a monthly fee unless they agree to bank online, buy more products or maintain certain balances.
This from the same bank that tried -- and failed -- last fall to impose a $5 monthly fee on debit-card users.
According to the Wall Street Journal, BofA is experimenting with charging $6 to $9 a month for an "Essentials" account. Other account options being tested carry monthly charges of $9, $12, $15 and $25 but give customers opportunities to avoid the fees by maintaining minimum balances, using a credit card or having a mortgage with the bank.