Since I discovered a $12 monthly charge a while back when my account was automatically switched from a student account after I graduated and moved, I’ve been passing the warning along to those who might be unaware every year around graduation.
If you are job hunting and don’t have much money or have dipped into your emergency funds you certainly are getting charged without realizing it, or will be soon. This was in the
fine print when you signed up for your free account, but most people don’t tend to remember things that they agreed to as teens when going through crucial life changes like graduation or loss of a job. So I hope posting this again helps people like it did last time.
A customer representative said there’s nothing that can be done, so I recommend changing banks perhaps to a credit union if this may be a problem for you.
TD Bank also does this as per another user.
People are really salty that I’ve shared this information. If you are not job hunting, in really good financial shape, and already knew this then great, but this post isn’t targeted at you. And yes, there are banks and credit unions that don’t require this kind of fee to provide service. If you personally feel BoA is the best for your particular financial situation, that’s totally okay too.
Guys chill, I signed up for the account when I was 16. Yes yes, it’s my mistake for not remembering. The point of this post is to help people avoid this mistake and to be aware that there are banks that don’t do this. Last year I helped remind some people, and this year I hope to help some more people too. 🙂