I've been with Bank of America for almost 10 years. They just told me that they are going to convert my free eBanking account to Bank of America Core Checking. Doing so I would have to pay $12/mo or keep $1500 in my account.
But I notice there is a new trend. A lot of banks are giving away free perks to open a new account. Usually the deal is to stay for 6 months and keep $1500 to avoid any monthly fees. I guess that's how they will make money. By investing my $1500 for 6 months.
Is it okay to jump around from bank to bank every 6 months. Is it going to affect my credit? Is this unethical or bad karma?