Price Fees were the number-one complaint among consumer reviews, so it’s no surprise that we found a number of issues with Bank of America regarding perceived value-based pricing. Here’s one example of a customer’s gripes with BOA regarding its pricing strategy: BOA charges for every little service, it is ridiculous. If you try reading your statements online, good luck – the statements lack detail. While they have competitive rates with credit card transactions, everything else is outrageous. They charge for checking accounts and every transaction. Many reviews that we read referenced Chase Bank as a better option for banking services, and the American Customer Satisfaction Index reported that many consumers are switching over to credit unions that can offer better rates (Banks Improve, 2012). Our competitor analysis found that Chase may have a slight edge over BOA, and credit unions offer an even better rates on their services. Our focus group was a house divided, with only 58% of respondents viewing BOA as superior to the competitor. While BOA utilizes the latest technology including online and mobile banking (Bank of America, 2013), many customers,