'Fiscal Cliff' Repercussions Could Stretch in 2014: BofA CEO
Bank of America is seeking to raise revenue by expanding relationships with its banking customers rather than increasing fees.
"What we're doing is everything we can to drive relationship banking," said Moynihan. "The more relationship people have with us, they'll be able to avoid fees and charges because it's a trade of value and that's what we've been after."
Moynihan would not comment on whether any fees would be going up or the timing related to any such move.