NEW YORK (AP) -- Bank of America is postponing an increase in monthly fees for checking accounts, according to a report in The Wall Street Journal.
The paper cited unnamed people familiar with the bank's plans saying that the new fees would be delayed until at least late next year.
T. J. Crawford, a spokesman for the Charlotte, N.C. bank, had no comment on the story Saturday.
Bank of America Corp. has been testing new fees in a pilot program in Georgia, Massachusetts and Arizona. The bank has been charging between $6 and $25 per month depending on the type of account and level of service.
Banks are moving to collect more in fees as low interest rates make it harder to make money from lending.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.