Like its corporate brethren, Bank of America received an early Christmas present when Donald Trump signed his tax “reform” bill into law, which brought much-needed relief to average, middle-class families by chopping the corporate tax rate from 35 to 21 percent. Prior to the passage of what might as well be called the “Your Fingers Are Going to Cramp Counting All This Money” Act, companies, we were told, were absolutely suffocating under the murderously high corporate rate. (Never mind the fact that in July, U.S. corporations recorded profit growth not seen in six years, or that between the summer of 2016 and 2017, one bank had its most profitable year in the history of banking—such details are not germane to this story.) Finally given reprieve from such beastly treatment, companies are expected to save, in some cases, billions of dollars a year—Bank of America, for example, will likely add about $2.7 billion to its 2018 profits, of which it’s very generously allocating 5 percent to employees. But money does not grow on trees—unless you happen to be a large financial institution for whom billions of dollars are about to appear out of thin air—so, before anyone gets carried away:

Bank of America has eliminated a free checking account popular with some lower-income customers, requiring them to keep more money at the bank to avoid a monthly fee.

This month, all remaining eBanking customers with the Charlotte, North Carolina, lender were switched into accounts that charge a $12 monthly fee unless the customer has a direct deposit of $250 or more or a minimum daily balance of $1,500.

To be fair, C.E.O. Brian Moynihan noted earlier this month that the bank’s shareholders can look forward to “the largest portion” of the tax-bill benefits, so the mooching poors probably shouldn’t have expected its windfall to trickle down. Meanwhile, in Davos, Moynihan did his part to make sure that President McNeedy feels appreciated. “What I don’t think people see that I’ve seen so far is not only the U.S. reaction . . . but outside of the U.S., the view that the U.S. becomes a more attractive place to manufacture and drive to,” Moynihan told CNBC at the World Economic Forum. “As you talk to C.E.O.s outside of the United States, the United States seemingly becomes more attractive.”