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Bank of America's Brand-New $4.95 Fee

By Matt Koppenheffer and David Hanson - Mar 6, 2014 at 5:00PM

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Could this new fee from Bank of America impact you?

In today's episode of Where the Money Is, the Motley Fool's everything-financials show, banking analysts Matt Koppenheffer and David Hanson discuss Bank of America's latest innovation in the form of new checking account product that charges a flat $4.95 fee per month and what it means for the bank going forward. Later in the show, Matt and David dive deeper into Bank of America's four main drivers of its business and where the bank can grow the most.

At the 10:13 mark of the show, Matt tell investors and viewers why he thinks shares of Aflac present an interesting opportunity for long-term investors. Aflac is a major player in insurance markets across the globe. Despite being the number one supplemental health insurance provider in the U.S., most of its business coming from its Japanese operations.

To wrap up the show, Matt and David continue their discussion of Warren Buffett's latest letter to shareholders, as well as search Twitter for some insights and quick news tidbits.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
$418,676.00 (-0.45%) $-1,890.00
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
$277.43 (-0.59%) $-1.66
JPMorgan Chase & Co. Stock Quote
JPMorgan Chase & Co.
$158.29 (-1.81%) $-2.92
Bank of America Corporation Stock Quote
Bank of America Corporation
$43.87 (-2.27%) $-1.02
Aflac Incorporated Stock Quote
Aflac Incorporated
$54.28 (-1.76%) $0.97
HDFC Bank Limited Stock Quote
HDFC Bank Limited
$66.27 (-1.32%) $0.89
Banco Santander, S.A. Stock Quote
Banco Santander, S.A.
$3.14 (-0.95%) $0.03

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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