I heard that Bank of America is trying to pay back some of the money they received from the bailouts, because they don't want to be under the governments "watchful" eye. Predominately, they still want to be able to pay out-of-touch salaries to executives (read about it here). Hmmm... where are they getting the cash to cover all of this?
I made a few online transfers from my savings into my checking this month. Fairly common occurrence, I would think... and probably doesn't take a whole lot of effort on their part, if any. Today, I check my savings statement, and what do you know:
08/31/09 EXCESSIVE ACTIVITY SERVICE CHARGE -$1.00
Several $1.00 "excessive activity" service charges. For transferring money online.
I know several people who have dumped Bank of America, for various reasons. I think I just found mine.
09/03/09 (EXCESSIVE) EXCESSIVE ACTIVITY SERVICE CHARGE -$ONE LESS CUSTOMER.