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Unlike J.P. Morgan (JPM), Citi (C) and Wells Fargo (WFC), BofA (BAC) is not providing automatic...

  • Wednesday, October 31, 2012, 5:49 PM ET
    Unlike J.P. Morgan (JPM), Citi (C) and Wells Fargo (WFC), BofA (BAC) is not providing automatic fee waivers to customers living in Sandy’s path. Instead, BofA says customers may qualify for some waivers but only if they first call the bank via an 800 number or by visiting a branch. Most banks also are proactively waiving fees on using out-of-network ATMs, but here again BofA adopts a stricter policy.
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This news story has 8 comments:

  •  
    B of A doesn't seem to get it. They are going to have to cut back on profits in order to restore their lost reputation of good business ethics. You can't keep up the same pace when your customers are in poverty.
    31 Oct 2012, 09:53 PM Reply Like
  •  
    BAC does not need poor customers. It is not a charity, like Acorn!
    1 Nov 2012, 02:33 PM Reply Like
  •  
    Yeah im sure Mitt will fix this!
    31 Oct 2012, 09:57 PM Reply Like
  •  
    What some idiots just cant get it through their head is this is our money BAC is giving away. We own the company. Obama screwed the stockholders in GM by taking the company away from its rightful owners and giving it to the unions. In return the Unions gave him multi-millions of dollars back in contributions. Neat.
    1 Nov 2012, 12:06 AM Reply Like
  •  
    Yeah!!! Give Obama 4 more years.... lol lol
    He will straighten it out like Benghazi. Or maybe like the ATF and the 2,000 guns they gave to the Mexican drug cartels.
    1 Nov 2012, 02:35 PM Reply Like
  •  
    Not every customer living in Sandy's path suffered damages so I do know why BAC should just give blanket waivers of fees. There are a lot of people that will game the system and just take advantage of the situation. BAC has already given a million dollars to help out. My goodness, why does everyone expect this bank to do it all?
    31 Oct 2012, 10:19 PM Reply Like
  •  
    Bank of America is not your mother!! Grow up and realize they are a business trying to make a profit after they were beaten to the ground and Bush and Obama flooded them with money to survive.
    Then congress hit them with more rules to kill their profits.
    Then they were hit with many, many lawsuits because Countrywide was forced on them by congress.
    1 Nov 2012, 02:13 PM Reply Like
  •  
    What this indicates is that BAC is more concerned about meeting their revenue targets than the other large banks. They will forgo this opportunity to build some goodwill in order to protect their revenue. It should be a red flag to investors.
    1 Nov 2012, 04:35 PM Reply Like
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