Testing Fee Choices

According to the AP, Bank of America is going to run a pilot program in three states that will allow its customer menu of checking accounts with a variety of fee options. The testing will be done in Georgia, Massachusetts and Arizona. The test includes ways to avoid fees by linking multiple accounts, credit cards and even investment accounts with its Merrill Lynch unit.

The aim is to make fees clearer for customers, while encouraging them to bring more of their financial activity under the Bank of America umbrella.