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Tag Archives: small banks

The bigger the bank, the higher the fees

Julie Sherrier

I’m glad I’m not a Bank of America customer. Apparently BofA is testing yet another new set of fees to boost its sagging revenues, according to the Wall Street Journal.

It’s not necessarily the fees that bother me the most about BofA, it’s the size of the bank. It’s too big. And the bigger the institution, the more impersonal the service and, more importantly, if the bank isn’t doing well, too many people can get caught in the crosshairs.

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