Bank of America Starts Charging Fee for Low Checking Account Balances!

Tons of pissed off customers are ending their relationship with the bank for screwing over the less fortunate!

Bank of America will charge low-income customers $12 per month for their  checking accounts unless they have a $1,500 account balance or monthly direct deposits of at least $250!

@BofA_Help hi..i have a checking account and I am not going to receive any automatic transfers for next few months..any way I can avoid maintainace fee without maintaining minimum balance?

— Darshan Shah (@DarshanCShah) January 18, 2018

If you have the Bofa Core Checking account the only two ways to avoid the fee is to have a direct deposit deposited of $250.00 or more per statement cycle or maintain a minimum balance of $1500.00. The fee can also be waived if you're a student under 24. ^ds

— Bank of America Help (@BofA_Help) January 18, 2018

Twitter user Ron West suggested everyone join a local credit union, with good reasoning behind it:

Everyone should join their local credit union.

— Ron West (@Ron_West_52) January 22, 2018

Here are some good reasons to join a credit union:

Credit unions are a massive passion of mine. It’s the “buildings and loan” from “it’s a wonderful life”, basically. Highly regulated “banking”, providing services to everyone, not for profit, and owned by all the customers. I’m really into it.

— Someone (probably a LEFTIST) 🐞 (@CelineDayJardnz) January 22, 2018

Also: many, if not most, credit unions also belong to a national co-op shared branch network... so you can use ATMs across the country w/o “foreign” network fees.

— SpinachInquisition (@NobodyExpects13) January 22, 2018

Credit union it is. Closing BOA accounts tomorrow.

— Wes (@WesAtt) January 22, 2018

Hello Wes. We’d like to keep you as a customer. Please let me know how I can help.^rr

— Bank of America Help (@BofA_Help) January 22, 2018

Don’t be assholes to poor people.

— Wes (@WesAtt) January 23, 2018

MOOD! pic.twitter.com/eQlXIjJgQh

— Max Roseños (@_MadMAX) January 24, 2018

Photo: Getty Images