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.
The Charlotte, N.C.-based bank released its 2011 fourth-quarter report Jan.19. Average deposit balances rose nearly $25 billion to $1.03 trillion in the fourth quarter of 2011 from $1.01 trillion in the fourth quarter of 2010, according to BofA.
The bank attributed the increase to a "growth in liquid products in a low-rate environment."
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