How Bank Of America Nixing Free-Checking Feature Affects Low-Income Customers

In this Dec. 7, 2011 photo, a woman passes a Bank of America office branch, in New York.
In this Dec. 7, 2011 photo, a woman passes a Bank of America office branch, in New York. AP Photo/Mark Lennihan
In this Dec. 7, 2011 photo, a woman passes a Bank of America office branch, in New York.
In this Dec. 7, 2011 photo, a woman passes a Bank of America office branch, in New York. AP Photo/Mark Lennihan

How Bank Of America Nixing Free-Checking Feature Affects Low-Income Customers

Earlier this week, Bank of America eliminated their last checking account that doesn’t require a minimum balance in order to avoid monthly fees. B of A is following a trend among the larger banks in the U.S., and their decision leaves low-income customers with even fewer banking options. Morning Shift discusses the move, and what it means for consumers

Plus, we take your calls about where you do your banking and where you draw the line with fees.

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Nancy Marshall-Genzer, Marketplace reporter