Want Paper? BofA Says Pay Up

Wolfe, Daniel
August 2010
Bank Technology News;Aug2010, Vol. 23 Issue 8, p24
Trade Publication
The article reports on the move of Bank of America Corp. (BofA) to put charges on customers in the U.S. and Canada who want to receive their monthly statement in the mail. It states that the initiative aims to encourage the customers to adapt the paperless banking and the charge costs 8.95 dollars per monthly fee which applies to one type of account. It adds that Toronto-Dominion Bank provides services such as check images for free to its paperless customers in Canada.


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