burn your DRAFT card?!....we did it!! banks change overDRAFT fee structure.....

[Lee3]

billb wrote:
I got a letter from BoA last week stating all these changes were due to upcoming government regulations.

bunch of fee changes
removing some
adding others

BoA still sucks

never should have allowed any of these institutions to get this large by buying up thier competition.

And the reason you are still with them is...?

[OWC Jamie]

Lee3 wrote:
[quote=billb]
I got a letter from BoA last week stating all these changes were due to upcoming government regulations.

bunch of fee changes
removing some
adding others

BoA still sucks

never should have allowed any of these institutions to get this large by buying up thier competition.

And the reason you are still with them is...?
I still have some Baybank checks. :-)
At one point it was all the fee free ATMs on the East and Gulf coast.
Now it's just two almost expired long term investment vehicles.
Enough investment to have fee free everything (and Bank Boston had a gold card -no waiting in line) BoA dropped it.
As soon as those vehicles mature I'll be 100% Citizen's Bank. (and BoA will buy them )

[Jack D.]

An annual limit for the number of times its customers can overdraw their accounts when making purchases with debit cards.

_Customers who are nearing the annual limit will be contacted by the bank and be provided "education and tools" to help them manage their budgets.

_Customers who reach the annual limit will have their overdraft ability restricted.....

We should have set up something like this for the banks themselves instead of handing them the bailout $. All the bailout is now doing is raising all the banks fees to us while the bankers play the same games and still earn their fat salaries.

[GeneH]

Lee3 wrote:
[quote=billb]
I got a letter from BoA last week stating all these changes were due to upcoming government regulations.

bunch of fee changes
removing some
adding others

BoA still sucks

never should have allowed any of these institutions to get this large by buying up thier competition.

And the reason you are still with them is...?
Good point, Lee3! When I moved to CA thirty years ago, I opened a checking and savings account at BoA. After six or seven years of putting up with long lines and increasing monthly fees, I reached my breaking point. When they again raised checking fees to extortionate levels to compensate for BILLIONS lost in South American country loan losses, I told them to stuff their services and have never looked back.

BoA sucks, BIG TIME!