Bank of America is Too Expensive

I have had my business checking account with Bank of America since I established PC Media back in 2000. But, now I am less than happy with the bank. They have increased their bank fees to a level that I think is just ridiculous.

It used to be that I paid $8.00/month (something like that) if the account balance went less than $3,000. That was acceptable, especially since I am hardly every below $3,000. Last month, though, I got charged $29.00 for the monthly maintenance fee even though I had over $3,000 in the account. When I looked in on the situation, it says they are going to charge $35.00 for the monthly fee if the combined balance in the bank is less than $35,000.

This is getting to be ridiculous. BOA is too expensive and I think it is time to switch.

I have been looking into Regions bank and Wachovia. I have yet to go down and talk to the folks at Wachovia. My main criteria is that it is not too expensive (or preferably even free), that I can download transactions into Quickbooks, and that I have online access to my accounts.

If anybody has an recommendations, feel free to contact me. The bank has to have branches here in Tampa, Florida.

Bank of America is, in my view, a big bureaucratic behemoth that simply overcharges it’s customers. There is no reason to charge that kind of money for a basic business checking account.

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