Bank of America (BAC) may introduce a tiered fee structure modeled on mobile phone service contracts.

Under the proposed scheme, the bank would reward customers who maintain minimum current account balances, use their credit card a certain number of times each month, or do all their banking online, The Financial Times reported. Customers who don't do these things would be charged more.

The tiered fees would allow the bank to recuperate some of the $4.3 billion in revenue it expect to lose as a result of federal restrictions on bank and credit fees, without imposing across the board fee increases.

"We're not guaranteeing that we will recover all of the revenue lost as a result of the new regulations, but over several years we think we'll get back a good share," Joe Price, who runs the bank's consumer unit, told The Financial Times.

Bank of America will begin testing different price structures this year.