The last couple of months have been about as funny as a vault full of $3 bills for the upper echelons at First National Plaza.
Chicago’s big bank has been catching heat since telling the less-than-affluent sector of its clientele that quality time with tellers would be limited or a fee-$3 a visit-would be imposed.
Grandstanding politicians, not to mention television comedians, syndicated cartoonists and Chicago’s competing banks, were able to rack up extensive mileage out of what became a national joke.
Last week the First National Bank of Chicago blinked-a little-although it said the action was a market adjustment and not the start of a full rollback.
Indeed, the change doesn’t apply to checking accounts. On savings accounts the bank reduced to $250 from $500 the minimum balance and doubled to four the number of monthly teller visits allowed without a fee being charged.
