Bank of America faces backlash for eliminating free checking account
Happy businessman with money in hand, US dollar bills (

CHARLOTTE, N.C — Bank of America is facing a backlash over eliminating a free checking account and moving customers into accounts with minimum monthly balance requirements. This month marks the completion of a years-long phase-out of the eBanking account, which didn't charge a monthly maintenance fee as long as customers received paperless statements and didn't use bank tellers for routine transactions.