re: #605 Varek Raith

BofA chief: We have a ‘right to make a profit’

And your customers have the right to tell you to piss off.
Two way streets are two way!

From what I understand, these fees are to make up for some new regs regarding what banks could charge to merchants when they passed a bunch of new stuff last year.

Five bucks a month ain’t going to nearly make up for the loss of revenue that banks got when the amounts there were allowed to charge merchants were reduced.

This is a gi-fucking-gantic PR miscalculation on the bank’s part.

Citibanks’s charge on checking accounts unless you maintain a $15,000 minimum balance? Who maintains a $15,000 minimum balance?