High minimum bbalances: a rip off
Regarding the article "Bank ATMs Take Deposits, Spit Out Cash, Demand Fees," June 9: NationsBank is luring new customers with minimum balances of only $750, while they are ripping off long-time customers like me.Skip to next paragraph
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I must maintain a $3,500 balance in my NationsBank personal account and $5,000 in my NationsBank small business account to avoid monthly charges. That's $8,500 doing nothing for me but it does plenty for NationsBank.
For the past couple of years, the minimums for both accounts have been jacked up by $1,000 per year.
With new account campaigns of only $750 per month minimums, I had better start shopping around for a better deal and move my business.
Esther de Ipolyi Houston