BOA discontinuing ebanking accounts

[HenryJumbo]

Wish I knew the reason why BOA is discountinuing their ebanking services. Got a notice that my account will change to one of their pay accounts. Oh well time to move my money to another free checking account. Not that I can't afford it, I just really think it's stupid to pay for something that can be free. I don't care if there's ads on my banking website, just give me free checking.

[hyprble]

Yeah, I'm also annoyed at the changes.  I have about $17 in rewards on my BoA card, so I'm going to wait until I have $25, transfer the rewards +10% bonus into checking, then close out the account.  I contacted BoA on chat, and they said I won't get charged to close my account in a branch, but I don't trust them anymore - should I empty out my account electronically to another bank or just go to a branch and ask to close the account and give me a check?

[Anonymous]

Finally. Didn't understand why some people got free checking accounts. Glad no one is getting free products.

[Anonymous]

What is the problem with getting free checking? All my accounts are free.

[SCF]

---

@Anonymous wrote:

Finally. Didn't understand why some people got free checking accounts. Glad no one is getting free products.

---

It's actually still fairly simple to find a free checking account.  There are online options like Ally and CapitalOne360, and quite a few regional banks and credit unions still offer free checking as well.  If you're paying for a checking account, you really should take a look at what's out there and make sure you're getting a good value.  Personally I combine an online account (Ally) with a savings account at Wells Fargo to handle cash deposits.  The WF account only requires a $300 balance to avoid the monthly fee, so it's very easy to keep it free.

[lg8302ch]

---

@HenryJumbo wrote:

Wish I knew the reason why BOA is discountinuing their ebanking services. Got a notice that my account will change to one of their pay accounts. Oh well time to move my money to another free checking account. Not that I can't afford it, I just really think it's stupid to pay for something that can be free. I don't care if there's ads on my banking website, just give me free checking.

---

Among my favorite free checking accounts are the Discover cash back checking and Fidelity Cash Management Account which I use only as checking account

[heyitsyeh]

I use Fidelity Cash Management for my primary checking and a BofA savings for cash deposits and Better Balance Rewards bonus.

[Anonymous]

I didn't get any notices. Maybe because my direct deposit goes into there? the dd goes into there and gets tranferred to another investment account.