Bank of America Offers Account That Is Free Until Teller Visit

Bank of America Corp. has a novel way to lure more customers: Free checking accounts for folks who never again enter the bank.

The bank, the largest in the U.S. by assets, is introducing an account on Aug. 6 that won’t include a monthly fee or minimum balance requirement unless the customer wants to use a teller or receive a monthly statement through the mail, said David Owen, a senior vice president for checking and debit at the Charlotte, North Carolina-based company. Visiting a branch to make a deposit will trigger an $8.95 fee per month, he said.