BofA looks to mobile as a way to avoid checking fees

12/2/2012 | Wall Street Journal, The

Bank of America will hold off until at least late next year on charging new checking-account fees for some 10 million customers, sources say. The bank is reviewing its retail-banking business and looking for ways to reduce losses on customers with modest balances. Encouraging more customers to use mobile banking could be one solution, officials say.

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Wall Street Journal, The

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