BofA is totally worth keeping around
Terrible bank, like most that aren’t credit unions, they have over leveraged tens of billions against individual account balances and been a leaky sieve in tech security.
I have no idea why most people don’t use credit unions. I guess just ignorance. My “overdraft fee” is “keep at least $50 in your savings account and we won’t charge you one.”
Convenience. I have accounts with BofA because they’re three blocks from my house. It’s them or Wells Fargo, who are a little further, and then the nearest credit union is a 10m drive. So convenience. I also have USAA, but having zero branches in my state is kind of a pain.
I hate BofA, but I opened my first credit card with them 19 years ago and I value my stupid credit score for some reason, and so I have to keep it forever.
Your overdraft policy is don’t overdraft or you’ll be charged a fee — so there’s an overdraft fee?