Bank of America: No More Free Checking for Customers With Low Balances

www.wsj.com

Bank of America Corp. has eliminated a free checking account popular with some lower-income customers, requiring them to keep more money at the bank to avoid a monthly fee. This month, all remaining eBanking customers with the Charlotte, N.C.

There continues to exist a huge opportunity for emerging companies to serve underbanked demographics, especially as large banks begin to focus more on prime customers.

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