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

 Bank of America Corp. BAC 0.69% 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., lender were switched into accounts that charge a $12 monthly fee unless the customer has a direct deposit of $250 or more or a minimum daily balance of $1,500. Some eBanking customers were switched over as early as 2015. 

Full article: https://www.wsj.com/articles/bankofamerica-no-more-free-checking-for-customers-with-low-balances-1516625715