Bank of America
Five Dollar Monthly Fee Charged on Minor's Savings Account

I took my 14 year old son into the Bank of America on CR 210 St. Augustine in December to open a savings account and get him started down the right path. Little did I know that this bank would charge him a $5.00 per month service fee for his account. It ended up being $10.00 total from December until February 6.

I knew there would be very little interest paid but I never thought they would rip off a minor what amounts to 5% per month just for "saving" money in their bank. They knew exactly what they were doing and I think it is pathetic when these greedy bandits feel it is necessary to basically steal from a young man.

When I closed the account this morning they gave me all $100.00 and I promptly gave them back the $10.00 they originally charged with the hope that they use it to keep their lights on.

My son now has $90.00 of the original $100.00 but a valuable lesson has been learned for the $ 10.00 spent.

Company: Bank of America
Country: USA
State: Florida
City: St. Augustine
Address: CR 210

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