First Chicago NBD Corp. said it would halve its controversial $3 teller fee on all but one type of checking account and roll out a new account with no teller charge at the end of the month.

In a letter sent to customers of First National Bank of Chicago and NBD Illinois last week, the company said it would reduce its teller fee to $1.50 on two types of checking accounts and on savings accounts, and begin providing a new no-teller-fee checking account. The bank also said it would eliminate teller fees for money market accounts beginning April 29.

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