BoA maintenance fee

[TheBoondocks]

Hey guys, I just got penalize for not having $250 in DD for the month, it's very unfortunate, and had to pay $12. Wanted to know if it could get waived? And also, if I do Zelle, of $250 every month from transferring from another bank back and forth, would that trigger a ACH? Thanks 

[Revelate]

Why keep the account at $12/month?

If I ever stop using Chase as my financial clearing house and would have to start paying fees as a result, my account is absolutely getting closed.  Sounds like a lot of potential work to try to keep open a checking account that doesn't appear to have a lot of merit for you?

[TheBoondocks]

Just did a test with zelle, yeah it's not gonna work. Have to push money the old fashion way. Well, reason why I have it so that I could get $20/y on top of my $100 for having the BBR card 😄

[Green456]

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@TheBoondocks wrote:

Hey guys, I just got penalize for not having $250 in DD for the month, it's very unfortunate, and had to pay $12. Wanted to know if it could get waived? And also, if I do Zelle, of $250 every month from transferring from another bank back and forth, would that trigger a ACH? Thanks 

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Call them. No Zelle will not work. If you have $10,000 in IRA, you can park it in Merrill Edge and get comopletly free relationship checking. 

[Green456]

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@Revelate wrote:

Why keep the account at $12/month?

If I ever stop using Chase as my financial clearing house and would have to start paying fees as a result, my account is absolutely getting closed.  Sounds like a lot of potential work to try to keep open a checking account that doesn't appear to have a lot of merit for you?

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No reason to for $12 a month. But if you can keep the account free with DD then it maybe worth keeping for other reasons.

[Anonymous]

Yeah I got hit with that fee once due to a snafu with a DD last year. I thougt about calling in, but it was only $12 and I felt like it was a futile cause considering. I mean it happend right after their whole policy changes and no longer able to waive it with a Savings account attached.

So I might have been able to get it returned...

Truthfully with some of the recent changes regarding accounts, and the main fact that I'll no longer have DD income going there after April. 

I'll probably close up shop there and go to another Bank.

[TheBoondocks]

Yeah, so I remember a old credit union I opened up with a fixed rate card, I used pop money, but these days they have zelle. I like pop money cause you could still do a ACH - RN/AN. I just need to get a debit card from them lol

[AllZero]

If free from your CU, use your CU account to ACH push and pull funds to and from the BoA account. It may trigger the DD.

[creditfan]

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@TheBoondocks wrote:

Just did a test with zelle, yeah it's not gonna work. Have to push money the old fashion way. Well, reason why I have it so that I could get $20/y on top of my $100 for having the BBR card 😄

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I have BofA saving acct for the same reason.

I believe BofA saving now requires $500 to keep it fee free. Mine is grandfathered in with only $300 requires. I do have $300 in it for worry free

[TheBoondocks]

Man, back in the days I had the boa checking account in '13 and it was free, no monthly maintenance or anything. I think just to open was put in $300 and let it sit or something, I think you may got the same one. But, now it's $1500, not $300 anymore.