It’s so expensive to be poor…
Wednesday, 12 Mar 2025
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Wake up people, they are doing this to distract us from the real issue: trans people using bathrooms.
Bank of America Profits $2.4B, Then Charges the Poor $12 a Month
Lets pray to StLuigi to bring reflection to this CEO!
This is like going to buy weed from your dude and before ya leave he asks you to stay to smoke a owl and makes you pack it
Prevent, prey, and profit
That’s the bank way. Prevent equitable access to financial tools, prey and profit not the backs of the poor
Let’s not forget how they took a bail out in the 2008 recession while fucking over thousands of peoples mortgages it wasn’t just Countrywide. BoA acquired them in 2008. Most of the moves BoA made caused the recession to get worse while they raked in the tax payer funded relief.
My house got fucked over by 2006 with Countrywide but my ex wife was on her own timetable for trying to destroy my life.
BoA bail out was $20 mil with an additional $118 mil in back up to absorb losses, granted in 2009.
That’s right, they privatize their gains but socialize the losses.
Standard banking operations in America.
This is a tax on being unemployed or underemployed.
I’m in a credit union and I’d suggest switching away from any bank that is going to introduce these kinds of bullshit fees.
You can re add your methods of payment with your new bank or credit union pretty easily for most reoccurring subscriptions.
Banks suck. Credit union all the way.
Sounds like another CEO needs to get Luigi’d
Bof A is the second worst company in the country. At&T holds that crown.
Bank of America is where you go when your parents decide it’s time for you to get your first real debit card
In a free market situation it’s time to switch banks to the bank that will undercut BOA.
Let’s not forget how they took a bail out in the 2008 recession while fucking over thousands of peoples mortgages it wasn’t just countrywide. BoA acquired them in 2008. Most of the moves BoA made caused the recession to get worse while they raked in the tax payer funded relief.
My house got fucked over by 2006 with Countrywide but my ex wife was on her own timetable for trying to destroy my life.
BoA bail out was $20 mil with an additional $118 mil in back up to absorb losses, granted in 2009.
That’s right, they privatize their gains but socialize the losses.
Standard banking operations in America.
Who’s their CEO
Hopefully people pull their money out. Or maybe follow the ceo around
Not exactly a comeback when you’re agreeing with the post.
My bank had an offer to drop $2,500 into my account. The catch was my balance already had to be 6 digits and I had to be depositing $25,000 each month for something like 3 months. I just stared at it pondering why the fuck would I need $2,500 if I am making ten times that monthly. I get it, a bonus is always nice but at the numbers required for that free amount would be a position where it’s not nearly as impactful to me or the economy.
BoA is one of the worst banks I’ve had to deal with ever. Fuck Bank of America.
ok imm gonna ask who doesnt have deposits of at least 250? where i live cost of living is dirt cheap yet mcdonalds and walmart still pay at least 17$ a hour
Gotta make sure the poors cant afford to go Luigi on their greedy soulless asses
$250 in direct deposits is a very low threshold. Also, just get a different bank.
Wellsfargo sent me a similar notice except their minimum is $500.
I guess their CEO needs a bigger bonus.
Sad for a bank that has been bailed out so many times
I’m in the UK, so feel free to educate me on this one.
Our banks have basic current accounts with no extra perks with no fees for having them. You can upgrade them to accounts with perks such as mobile insurance, travel insurance and car insurance all bundled in with the account for a monthly fee, and if you meet similar criteria to those listed in this post, that fee is waived for that month.
Now, if this is the Bank of America charging for basic accounts with no extra perks, that’s a really shitty move.
I’d say bring it up with BofA’s CEO.
It is like the super rich want all the inequality to end in some horrible way for them.
#EatTheRich Corporate Greed is Killing Us. Bezos having a $300 million dollar wedding in Colorado. Guess we should be happy he’s hiring Americans to cater it?
sounds like the CEO needs a visit
Take your money out and put somewhere else. Never touch these banks after their bailouts.
$250 a month of deposits? Is this likely to actually impact anyone who is a regular account holder? This doesn’t even mean you need to meet the minimum on hand. Just deposit.
I’m no fan of banks but it’s obviously just to get people who have completely inactive accounts out of their system
literally get a job, min wage will pay you more than $250 a week. this is standard practice anyway, not a BOA thing.
Who can’t get a direct deposit of $250 or more?????
So don’t bank with them if this would negatively affect you?
If BofA’s your bank, you’re not only poor, but stupid…
There are many many many banking alternatives for customers with lower balances. If you have a phone you can get a low cost or free bank account.
Stop supporting big banks who don’t actually provide value to customers. They suck for sure but also just use a different bank or banking product this is where our system can help – we have choices.
Why are people still using bank of america? There are better choices everywhere. Its not like it used to be where they had convenient atm locations
They’re not nickel & dining, they don’t want to use resources on small accounts, so they’re actively incentivizing those accounts to leave.
Imagine having the option to be at a credit union, their are thousands of them, and still choosing to be at Bank of America
CHANGE BANKS
This feels less r/clevercomeback and more r/NoShitSherlock
Many other options. They can’t be I business if they have no customers.
I can list a dozen banks that have free checking with no minimum balance.
You mean nickle and dime their biggest customer base
This is what you get if you eliminate overdraft fees
Do you people ever fact check? My god. It’s always been like that, and another way it can be waived is if you have at least $250 direct deposit on the account
Monthly direct deposits of $250 covers anyone whose wage is deposited to the bank. You do get wages to the bank? In Finland that has been the norm for over half a century.
I mean, honestly, if you have a bank account there and can’t direct deposit 250 measly dollars a month, you should probably close the account.
This tweet is from 6 years ago! OP you can do better and be less lazy.
https://x.com/laura_nelson/status/955504854880813056
This shit is nothing new. They used to charge $35 a day for overdrafts.
So now we are againsts deposits of 250$ a month? What the fuck are you fighting for? Have a MONTHLY DEPOSIT of 250$ should not make anyone angry.
$250 in monthly direct deposits is not an issue for anyone with a job