Bank of America, which collected more than $22.4 billion from customers last year for everything from using a competitor’s ATM to paying a credit card bill late, is launching a new effort ostensibly to help customers avoid the pesky fees. It’s an ironic campaign for the nation’s second-largest bank since more than half its annual revenue comes from non-interest income that includes such fees. In the recently completed first quarter, growth in fees and other non-interest revenue sources helped the company post a 5 percent earnings increase.
Share and Enjoy:
These icons link to social bookmarking sites where readers can share and discover new web pages.
Original post by Tom Maliti and software by Elliott Back
