Man fights B of A over fee and wins

When Wells Fargo notified me that they would begin charging for my checking account, I started looking for another bank.  I found 3 within a 5 minute drive of my home.  All three offered checking accounts with no minimum balance, no monthly fee, and a free check card.  One is a smaller local bank, the other two are larger banks.  They all offer overdraft protection, online banking, and all the other banking goodies we've come to expect.  I had no trouble dumping Wells Fargo. 

If you're not pleased with your bank's fees, check out the competitors.  Your bank is counting on customers thinking that every other bank charges fees, or that changing banks is too much of a hassle, or that changing your auto-pays over to the new bank will be hard, or that it's worth it to stick with them until your supply of checks runs out.  And it seems once you've been hit with a $7 or $10 or $14 fee for a few months, you tend to end up going with the flow and accepting the monthly fee.  They know this.  Don't let them get away with it.  Take your money and walk! 

"'We typically honor legacy free checking account agreements, as we have done in this case.'"

"as we have done in this case" is bank-speak for "when we get caught".

I too have had my issues with my bank.  Provident was my bank until M & T Bank bought them out and I have been with them since.  In February I deposited a check someone gave me that bounced, due to a problem they said they had w/their bank, they did take care of this later with a cash payment to me.  I didn't find out right away though, and since it was right before I received my monthly retirement money my account was down a little low, but I thought there was still enough funds. They had charged a "bad" check fee to me for this person's bad check and of course the original deposit was no good.  I sent out a couple checks, thinking I had money in there.  Two of the checks I sent out the bank honored, but charged me $35 each ($70.00 total).  I don't know about other retirees, but I sure can't afford $70.00.  I wrote M & T Bank, and since I never had a problem before this I thought they would be considerate enough to of at least reimburse me for one $35 fee.  However, I received a very "cold" letter from them and a packet of all their rules, etc. etc. etc.   Can't wait until my printed checks run out so I can change banks.  This bank has no intention of bending their "rules" a little or being compassionate for anyone.  "Where's good ole George from the movie, It's A Good Life, when you need him?"  He didn't treat the customers of that Building & Loan this way ya know!!.....P.S...for​got to mention, one of the $35 fees was for a check for $22!

People still have their money in banks? I could understand a local bank--and I understand this man staying if they are honoring his legacy agreement--but Bank of (un)America? Really?  They aren't even owned by Americans any more.  Most of the big banks aren't.

Anyone other than the 1% should have their money in a credit union or local bank--credit unions are not-for-profit and do not do predatory lending.  They are best for the small account--the person who doesn't have all that many assets.

I can understand the 1% doing business with the bigger banks--heck, they might own a share--but for us little people, keeping our money in a more democratically-run institution which invests locally and that is not out to cheat its patrons makes a heck of a lot more sense.

Is anyone at all surprised that BoA would pull this kind of thing?  This is the same bank that has (at least twice that I know of) lost class action suits because they deliberately sequenced withdrawals ahead of deposits on the same night to force multiple overdraft charges that should never have been applied, which meant that even after the deposit was finally applied, there would be less in the account than the customer thought, which would lead to more overdraft fees before the next deposit.

BoA certainly does stand for "Bend over America".