Today I closed out an IRA that I had with Bank of America that I have been contributing to for 11 years. When the rep at my local banking center asked, “And what reason should I put for you closing your account?”
I told him, “Because I hate Bank of America!” (I thought about doing the evil laugh afterwards.)
Bank of America recently started offering a service where you can deposit checks on your phone. “This is great!” I thought. I’ll save time by not having to go to the bank, save gas in my car, save the environment by not burning gas while I’m sitting in line at the ATM, and save Bank of America some money because they don’t have to hire as many tellers or service as many ATMs.
I called up Bank of America and asked to add the service to my account. They told me they wanted $20 per account per month for the service. I currently have 9 accounts remaining with Bank of America. I was not going to spend $180 per month to save Bank of America money.