So I heard about the eBanking checking account that Bank of America was offering and decided to learn more about it. One very good thing about it is that there are no monthly maintenance fee as long as you opt in to have your statements paperless by email and use ATMs only rather than visiting a bank teller. Otherwise, an $8.95 monthly maintenance fee will be charge if you want your statements by mail or visit a Bank of America teller. Overall, the eBanking checking account is considered free and it’s really great for those who mostly bank online, use ATMs very often, and rarely visit a bank teller face to face. Sadly, they had discontinued offering the eBanking account. I had an online chat with Bank of America to help confirmed this:
leev18: I just want to ask, have eBanking has been discontinued?
BofA: I understand that you wish to know If ebanking account has been discontinued or not.
BofA: I will certainly assist you with this.
BofA: To begin with, may I please know your complete name?
BofA: Thank you for the information.
BofA: I have checked the information for you and I would like to inform you that ebanking account has been discontinued by Bank of America and it will be effective in later august.
leev18: awww, ok. Thanks for the info.
I had the MyAccess checking account with Bank of America for five years now, payed most of my bills online, and rarely visit their tellers. They sometime charge me a $12 of monthly maintenance fees for not having enough direct deposit into my bank account. When I heard about the eBanking account, I wanted to switch over but then waited. A few weeks later, Bank of America had discontinued offering the free eBanking checking account and I didn’t knew that they were going to.
I chatted with Bank of America again to asked if I could still enroll for an eBanking account with them even though they’ve just discontinued offering it. Thankfully, they converted my MyAccess checking account to the free eBanking checking account.
BofA: Hi, leev18!
BofA: How may I assist you today?
leev18: Do you know if I could still enroll for an eBanking account. I pay most of my bills online and had never visited a BoA teller.
BofA: I will surely check if you are able to convert the account to eBanking checking account.
BofA: Please allow me some time while I check the details for you.
BofA: Thank you.
BofA: leev18, would you like to convert the MyAccess checking account to eBanking checking account?
leev18: yes, if I could
BofA: I will try my best to convert.
BofA: Could you please confirm the mailing address?
leev18: *my house address*
BofA: Thank you for the confirmation.
BofA: Please allow me some time, I am working on that.
leev18: you’re welcome
BofA: leev18, I am glad to inform you that I have converted your account to eBanking checking account.
leev18: it’s effective now?
BofA: You will see the new account title immediately in Online Banking. Please note that Account type changes and applicable maintenance fees are immediately effective next business day and any of the current service fees will still apply until the conversion is complete.
BofA: Deposit Agreement and a Schedule of Fees disclosure will be sent to you in 3 to 5 business days.
leev18: ok, thanks
BofA: You are welcome!
BofA: With eBanking, you would pay no monthly maintenance fee, regardless of your account balance, when you sign-up for paperless statements and avoid using a teller for deposits or withdrawals. Otherwise it is $8.95 a month.
BofA: Is there anything else I may assist you with today?
leev18: is it possible, if a person could still sign up for ebanking at a local BoA office?
BofA: The account is no longer offered, leev18.
leev18: anyway, thanks for the help.
BofA: You are welcome!
BofA: I appreciate your understanding in this regards.
I now have a free bank checking account and no longer have to worry about their monthly maintenance fees. I just have to get my statements paperless by email only and not visit a Bank of America teller. The only thing that eBanking account users does have to be aware of is that a fee will be charge every time a non-BofA ATM is use. Unless you really have to use them, avoid non-BofA ATMs.
If you still have a checking account with Bank of America, sometime get charge a monthly maintenance fee for it, and rarely make a visit to see a bank teller, then see if you can still convert to the eBanking checking account by contacting them. I chatted with them online and got my previous checking account converted to the eBanking checking account even though they had just discontinued offering it.
Note: I’m not affiliated with Bank of America, nor they are affiliated with me.