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by ajg1977 6102 days ago
As with most things in life bank fees like this are more often then not are negotiable. Make an appointment with the branch manager or business specialist at your BoA branch and voice your concerns about fees like these, and how they would make it difficult for you to continue banking with them.

For anyone thinking of opening a separate account for business the first place to start would be the bank you use for your checking/savings account. Not only do you have an established relationship (if only in paper form) but the will work harder to please you if there's a chance they'd lose your non-business accounts too.

2 comments

The whole thing was sketchy. They told me there wouldnt be fees, so when fees showed up, I complained and they said they would remove them. When the fees didnt go away, I asked to be refunded. They said they could only refund the last 3 months of fees since they had "no record" past that, even though I had the account for a year.

Anyway, I just didn't want to deal with them anymore so I closed the account.

Another tactic to try is asking other small/medium sized businesses who their bank is. Often if they make an introduction they'll get a referral fee, and the bank might work harder to please you if your friend is a valued client.