Bank of America, National Association Articles

The WSJ is reporting today that Bank of America has pulled the plug on its planned $5 monthly debit card fee. It's no real surprise considering the negative press and the online uproar.

If you use your Bank of America debit card to pay for things directly out of your checking account, you will soon be charged $5 a month ($60 a year) for the privilege. However, you don’t have to close your BofA account if you want to continue using a debit card without a fee. It just takes a little creativity.

Over July and August, Bank of America will begin phasing out traditional checking account products and move a half-million customers to new accounts.

It is no secret that interest rates at banks are generally low in today's economy. However, your bank may help make up for it by offering you other perks. Bank of America's Museums on Us program is a perfect example.

If you want to send money to your friend or family member, you will soon have more options. Bank of America, Chase and Wells Fargo form a partnership to give PayPal a run for its money, and their partnership will soon include more banks as well.

Does the honeymoon have to end after the promotional rates for new accounts end? Not always. Many banks, like Bank of America, offer more benefits - just for being a customer.

Another bank joins JPMorgan Chase in efforts to ease the burden on military mortgage borrowers who are having troubles making their mortgage payments upon returning from active duty.