With its decision to slap a host of fees on customers who carry low account balances, WingspanBank.com is defying the business model that has been Internet-only banks’ foundation.

Starting Jan. 18, the Internet-only arm of Bank One Corp. will charge customers who have checking account balances of less than $1,500 a $10 monthly service fee and $6.95 a month to pay bills online. In addition, low-balance customers will be reimbursed only $2.50 a month for automated teller machine fees, half the amount other customers are rebated.

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