They just sent me a letter this week saying that if I don't have $1000 balance or Direct Deposit in my account I will be charged a $8.95 fee per month. I already have an account with TD bank and they are great, but they are 10 miles away and BoA is just up the street. Today I closed my checking account. I kept my savings account, but they told me I couldn't get an ATM card for savings alone. I want to have a nearby bank with a debit card so I will be closing that BoA account soon and opening one with Wachovia. Economic Outlook: Bank of America tagged - UPI.com Stress test worries turned vivid and tangible for Bank of America, told by the U.S. Treasury it would need to make up a $33.9 billion shortfall. Everyone else better check your accounts that you have with them.