BofA attacks the poor and proves the desperate need for decentralized cryptocurrency!!!

45 Billion.

That's the amount of federal bailout money Bank of America took from the US Government almost ten years ago to save themselves. The financial crisis that was self-inflicted by banks for terrible lending practices. To their credit, they did pay it back but you would think they would remember that American taxpayers saved them and be humbled by this experience.. Thus, BofA would keep their average custoners best interest in mind and treat them well.

NOPE. Especially if you are the working poor.

Bank of America announced that they are eliminating free checking that was popular with lower income. Unless you have a daily balance of $1500 or direct deposit of $250 or more, you will be charged a monthly fee of $12 to maintain the account. So if soneone had $1000 in an account for the month, $12 equates to a 1.2% charge. If charged for the year, it's a 14.4% charge.

Let me repeat that- 14.4% annual charge to access their own money to the people who can least afford it. Is it no wonder people don't trust banks anymore?

This is legally stealing people's momey from their own checking account.

Can you understand why Bank of America is doing this change? Over the last 5 years, they have averaged profits of 50+ billion dollars. Obviously they can't help the little people anymore that saved them just a short time ago. How would they ever make it to 60 billion dollars in profit if they did?

The time to change to cryptocurrency is never more evident. Decentralized currency will not take into account your income level or status in life. Everyone can participate and it belongs to everyone, not just the upper elites. When governments and banks are no longer in charge of currency, ridiculous regulations and fees will come to a end.

Everyday, we are getting closer to a decentralized economy. It just can't get here soon enough.