BUSINESS

Bank of America putting the squeeze on online gamblers

TAGs: Bank Of America, Business, Online Gambling

Bank-of-America-putting-the-squeeze-on-online-gamblersThe company has altered the fine print on its “free” checking accounts, amending the rules to introduce a series of new fees. Under the new rule, all free checking accounts will require a higher balance and e-statements in lieu of the more traditional paper ones.

In addition, the company will introduce ancillary fees ranging from $6-$25 for those account holders that don’t use the bank’s other services.

The news is sure to drive several gamers from the institution, as the company’s reputation has already been shaken by problems related to their online banking feature which temporarily froze the accounts of many gamers for gaming transactions that the server labeled as suspicious, according to Casino Gambling Web. These fears proved unwarranted, however, as the server was actually down for all online banking customers.

 

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