Bank of America has introduced eBanking, a banking solution for customers who prefer to bank through electronic channels and receive their statements online. eBanking customers who make deposits and withdrawals through the bank’s electronic channels and receive online paperless statements pay no monthly maintenance fee, regardless of their account balance or number of transactions in a given month. Otherwise, the customer pays for the value of the account through an US$8.95 monthly maintenance fee.
Customers who routinely prefer to do their banking in person or receive paper statements have the option to choose from other Bank of America accounts that may better fit their banking needs.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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