According to today’s WSJ’s Personal Finance section, Bank of America is lowering their online trading fees for customers who already have accounts with them.

The per trade comission fees are now at various levels, depending on your relationship with the bank. $5 per trade for some selective customers, $7 for customers with selective checking accounts, and $10 for any customers wtih their basic checking accounts.

The decrease in comission fees (including some maintenance fees) are quite a big drop, but their investment service still has too much miscellaneous fees attached to these accounts. The rates from other online discount brokers are still much much cheaper.

Still, for those that are already using Bank of America’s investment service, this is a nice cut in fees.

Here’s a list of fees and comissions from Bank of America’s site.