CEO Brian Moynihan also said in Wednesday earnings call Bank of America will close additional branches.
Three months after the backlash grew when Bank of America attempted to levy a monthly debit card usage fee to spawn Bank Transfer Day, the financial institution is not saying whether the nationwide effort had an impact on any account closures.
BofA is not releasing any details on whether it experienced any account closures during the fourth quarter or around BTD.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
The issue of revenue that banks and credit unions make from transactions on their debit cards moved from the obscure corners of the financial services industry into the national spotlight last week as the Federal Reserve's debit interchange cap came into effect.