Reduce Price to Improve Revenues and Margins

CHOICE 1 OBJECTIVE: RETAIN CUSTOMERS

CHOICE 2 SEGMENTS: PUBLIC RELATIONS SEGMENT / IMPROVE THE COMPANY'S IMAGE

CHOICE 3 COMPONENT: WAIVE FEES OR MAKE A ONE TIME OR PERIODIC PAYMENT

No. SIC Year Notes
1 6021 2009 Bank of America in April introduced fee waivers for customers who have lost their jobs. It will get rid of monthly account maintenance fees for three months and refund or get rid of insufficient funds and overdraft fees on a case-by-case basis. The bank also will soon start a $10 fee for small overdrafts for all customers—a bargain compared with its previous $35 charge.

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