SEATTLE, WASHINGTON -- Bank Of America gave away $29,915.62 of my life savings and won't give me one red cent back. Bank of America cashed 42 forged checks at 8+ of there branches while I was sick and I ended up in the hospital and under 24/7 medical care for a month.
The bank told me when I reported the wrong balance that they were definitely where forged and they are going to cover their mistake but due to the large amount it would be transferred to the banks fraud department. I got a call a week later from a Tim Whitesitt and here is where things get really bad.
Tim pretty much laughed and said boy oh boy you really got hit hard didn't you. I said What ? Your bank said its insured and I get reimbursed right? Tim laughed and said I was at fault for not reporting it sooner. Tim said it had been more than 60 days from the first forged check.
I said where is this rule and what about the last forged check written 2 days before reporting the fraud and closing my account? Tim just laughed and said that doesn't matter. What abot the banks managers mistake on issuing the checks to the wrong account? Tim said with a laugh, That does not matter.
I explained how I had become sick and how I had gone to my local branch and talked with the bank manager about a internet purchase I had been charged twice for $20.00.
I explained that the bank manager had me close my checking account and how she (Valerie Lunn) had set up 2 new accounts for me to prevent any fraud to my accounts.
Valerie Lunn of the Cle Elum, Washington Bank of America branch explained that I was to just use one account to keep money in and the other account to do ALL transactions from. I was to use the first account ONLY to transfer funds to the second as needed and that way No One could really do much fraud and it would be notice right away and dealt with.That's what I did... Also Valerie Lunn, explained that if fraud occurred it was covered by the bank. Total Security Protection as stated on your websites.
Well that sounded good to me and after all this was a bank branch and manager I had done business with for 18 years so they know how to keep my money safe right? WRONG!
This was in late July 2004 and I was busy seeing doctors to try to figure out why I was feeling sick. I had a bunch of test done in the middle of August I had more test done and also received a box of checks to my new active account. I counted the checks and locked them in my desk at home. I don't use checks unless there is no other way. I use the visa to pay almost everything I do. Bills, gas, food etc. I write maybe 2 checks a month on the average and mail them from a drop box. Heck I watch the news and hear about mail theft now and then.
Late August I went on a trip for 2 weeks and returned to find out from the doctor I had a disease and if I did not feel better soon I needed to seek medical help as this disease can be fatal if not treated correctly. I had to seek medical help and check into the hospital on 10/16/04 and was under 24/7 medical care till 11/11.04 at which time I was under home care with my sister for another month. I am still under a doctors care and temporary disabled. I don't know how long or if I will ever be off the disable static?
Well back to Bank Of America!!!
Little did I know that the Bank Manager had issued the checks I received to the secure account she had told me not to use for anything but transferring money to my second active account. My check where stolen and I didn't even know it because I had one check book with me for those few check I might have to write and that was very few checks in several months time. Heck I was in the hospital a monthâ¦â¦â¦â¦.
From September 1st till December 23rd the theft's wrote 42 checks for $29,915.62 against my secure account. The last check was written for $1,233.00 on the 21st of December. That is more than 60 days from the first check forged so the bank says I lose it all. I got my hands on a bank account rule book that the bank doesn't seem to give everyone when the open an account (ignorant is no excuse for the law) and here is what I read on page 32
Bank of America account Rule Book
(Deposit Agreement And Disclosures)
If your Statements shows transfers that you did not make, tell us at once. If you do not tells us in writing within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days, If we can prove that we could have stopped someone from taking the money if you had told us in time.
I reported it after 60 days. Hummmm? Here is what the next paragraph say's in there little rule book??????? It reads like this.
If for a good reason (such as a long trip or hospital stay) kepts you from telling us, We will extend the time period.
The bank refuses to even consider my claim. I have letters from the bank vice president of relations Jim Blanton in Seattle and the investigator Tim Whitesitt in Seattle saying you been denied and we don't want to even talk to you anymore, basically they say Go Away!!!!!!!!!!!! All letters to Ken Lewis the CEO of Bank of America are just forwarded to Seattle main office. The tallest building in the Northwest USA. The Columbia building in downtown Seattle.
This is down right bank robbery !!!!! The bank has given my life savings to criminals and told me it's not their problem. Your bank was put in trust of my money. I have tried every way possible except a long expensive lawsuit to get my money back. I have all the documentation to prove everything I say and welcome being contacted by a good lawyer or any other form of help. Right now I would like to hear what the people have to sayâ¦
I will not go quietly into the dark and be silent.
I will not vanish without a very long fight.
How can they use the word (America) in there name and steal from people like this???
This brings new meaning to the words Bank Robbery!!! I was robbed by Bank Of America.
The gloves are off Bank of America. I tried your way for justice and it took you well over 60 days to even tell me where the checks where even cashed at. 2 checks you call undetermined bank locations. What??? You cannot even tell which branch of yours they wear cashed at??????
The police need to know this to know who's jurisdiction the crimes where in and what agency goes after the criminals and your well aware by now that I closed my account and protested your Bank of America branch (Issaquah Wa. West branch) yesterday that cashed over $11,000 dollars and 18 forged checks at and you know that a few thousand cars driving by saw my sign.
You know people came up to me and read my flyers and letters and you know they agree with me 100% Most where shocked but read your managers letters and your rule book and said oh my gosh the bank ripped you off. Doesn't Bank of America ever check signatures??????? Not in my case they never checked a signature even once.
All you did and can do is watch me tell everyone my story and calling the police on me did no good did it? I was just telling my story and protesting as this countries 1st amendment protects me to do so. The police called me and said I was total legal later that day. So you cannot hide behind the police either. There is no slander in telling my true story. Our founding father knew this and made it the very first amendment. True shall prevail. Free Speech is alive and well and if my protest is total legal as it will always be.
When will you see your business is the people and there accounts at your banks? I trusted your bankâ¦â¦â¦â¦â¦â¦..I guess most people do trust there banks? That's where we are supposed to be safe with our money. If that trust is broken??????? What will become of that bank??????
BRADENTON, FLORIDA -- I have a complaint as well about this institution. Everything that I have read so far from other consumers who were robbed by BOA does not surprise me. My wife and I had an account with BOA as do many married couples. Both of us have businesses which are separate accounts. My wife filed for a divorce after 20 years of marriage so we were separating accounts. However after the removal of her name from the joint account she was still able to view my business account from the web as well as her former joint account with me but I was not able to see her accounts. (Of course I was not aware of this) One day I look in my mail box and I have a couple of overdraft notices from BOA . It was late about midnight so I would look into the matter in the morning. I keep track of what my balances are but thought it must be a glitch and I'm sure I will have the matter resolved tomorrow. The following day 4 more notices arrive . Now I'm pissed I check my a negative balance and find that my wife (who was never an authorized agent on my business account) was able to transfer funds from MY business account into her personal checking!! and at $35.00 each meant $210.00.
So I contact the bank and they tell me that were sorry the online element of our system is separate from us and all we can do is refund $120.00 of the fees. WHAT?! So I get a manager involved and he does some research and says well since you accepted the 120.00 of the 210.00 you agreed to settle. I DIDN'T SIGN ANYTHING AND WHAT DO YOU MEAN SETTLE WE'RE NOT IN COURT?! So now I'm asking what about the money that was stolen from my business account? ANSWER... You'll need to take that up with the judge handling the divorce. Wait a minute so if someone gains access to my buiness account and STEALS money that is in there I have to get the police involved and take them to court?! What a crock!! Where is the security? and why is she able to access my business account now which she was never able to access even when we were together.
To add insult to injury it gets even more ludicrous. I eventually stop all autowithdrawals and let the balance get to $26.17 and go to my home branch now to close out the account. Of course the Branch manager tries to keep me from changing banks because of our long term "RELATIONSHIP" which he fails miserably to convince me. I get my $26.17 from the teller and I'm on my way to open a new account elsewhere. About 2 months later I get another BOA overdraft notice and then a letter shortly after and get this for $26.17 and my BOA account is being forced close due to my negligence to pay this delinquent amount what the %$#@! are you serious? You screwed me and now I 'm the blame for your blunders?! I seriously hope that if there is a collapse in the Banking system that they fall the hardest!!
BRONX, NEW YORK -- I opened an account at Bank of America 12/29/2008 hoping to transfer from Chase because I was looking to buy a home and decided I was going to use Bank of America. By 09/2009 I decided I was going to stick with Chase and went to close the Bank of America account on 9/21/2009. When I went to close it I was told that I owed $10.95 because I had already transferred the balance back to my Chase account. The $10.95 fee was for credit monitoring that I had on the account. I paid the fee so that the account was -0- and then told the teller I wanted the account closed. She went for another lady who proceeded to "close" the account, I should note that I've never closed a bank account before so when she told me that the account was closed and gave me my receipts for the payment I made I went on my merry way. On 03/02/2010 I received a letter from ERS solutions Inc. stating that I owed Bank of America $128.26, I called the bank to inquire what the charges were and was told that they were for credit monitoring. I informed them that the account had been closed since 09/21/2009 and asked how a closed account could be charged for credit monitoring. The representative told me that the account was not closed properly and that they were at fault and after giving all the details I was told that it would be taken cared of. I had not heard anything from Bank of America since after I closed the account to make me suspicious of the fact the account was still open. After speaking to the Representative in 03/2010 I had not heard or received anything further. Fast forward to 01/2011 I receive a letter from NCO Financial System about the same $128.26. I again explained the situation to the credit collector and contacted Bank of America only to get a run around, about how old the issue was and if I had resolved it sooner they would be able to give me a credit. They said they no longer have access to the information since its with a collection agency. I first called customer service who gave me the number to recovery services who couldn't help and told me to call customer service, which connected me to customer solutions that sent me back to recovery. They told me that if I had closed the account I should have received a statement saying it was closed, which I never got and since I never closed an account and they never said that when I went to the Bank to close it, I guess I have no proof I actually closed it. Other than the fact that I am not dumb and I am cheap and hell and would never leave an account for charged to be billed for no reason. Clearly they are trying to make it seem as if I am at fault when I've spoken to reps who told me they were at fault and now they try to turn the table saying I should have known that I had to receive a statement saying the account was closed. I have $128.26 that is in collection and I refuse to pay it because I spend my time and money monitoring my accounts and money to ensure I am not being scammed by individuals and it's the institutions that you trust to be trustworthy end up cheating you. I don't pay LifeLock and check my credit report trying to keep my name clear and myself debt free for Bank of America's billionaires to try to cheat me out of $128.26. They will get that money when I die. They can dig my body out of the ground and sell my body parts in order to get that money, but as long as I am alive they will not get that money. I've never owed a single person, or company for anything. I pay all my bills before they are due but I won't pay a bill I know I don't owe, I am not made of money Bank of America and if you heard otherwise then bully for you!
The majority of the transaction was done via email. All of the following points, with one minor exception, are documented in those email communications.
1. I was told that the total out of pocket costs for a 30 year fixed rate mortgage with. 75 lender credit would be approx. $557. I was asked to pay a $400 upfront fee to begin the process. As I approached the conclusion of the transaction I was told that the $400 fee was not included in the total out of pocket cost because it was a separate "application fee". I have never seen an application charge that was higher than $35. In addition to the $400 application fee I was charged $35 to pull my credit.
2. The $400 fee was debited to my credit card twice. B of A never discovered the double charge. When I alerted them to the overcharge it took them 41 days to provide me with the refund.
3. The US Treasury Department allows the Banks to use an approved data base for appraisals in order to save the home owner that expense. A customer advocate in Bank of Americas Office of the CEO explained to me that the bank charged the fee because since I didn't have to pay for an appraisal they were entitled to charge this additional amount.
4. I was told to go to close without having had the opportunity to review the documents that I would be signing. The Bank's representative informed me that I would be sent one set of documents to review and then meet with a notary to sign a "duplicate" set. I had to fight with the Bank in order to have them send me the actual signing documents prior to close in order to review them properly.
5. Because of the policy of not including the upfront application fee of $400 in the total amount of funds required at close there was confusion on my part as to the amount of funds that I needed to bring to close I was short by around $400. I thought the amount B of A chooses not to provide a representative of the bank at close, only a notary is present. The notary was not an employee of B of A. Notaries are not present to clarify terms in the loan docs. They are only present to make sure that signatures are placed in all the appropriate spots. I waited to hear from the Bank regarding the issue of funding. No one contacted me. After a week I called them and was told that until I paid the difference I would be paying interest on both loans. This ended up coasting me an additional $132 in interest charges. No one At B of A has ever explained to me how I could have had two loans in place at the same time.
6. When B of A mailed me my first mortgage statement and escrow refund check they were returned to the Bank. Instead of sending the items to my residence they sent them to the property address. All previous written communications had been sent to my home including the loan docs. The refinance was always characterized as an investment property. There was no reason to expect that these documents would not also be sent to my home. B of A has my email and phone info. No attempt was made to contact me and alert me to the situation. I only discovered the problem when I contacted them. As a result the check that should have arrived within 20 days of close took 48 days to reach me.
7. During the entire Refinance process I was never able to actually communicate with the individual that was designated as the loan officer that would handle the close. He was actually the third loan officer I attempted to communicate with. The first 2 had become MIA. I was never able to communicate directly with this individual. The email address that I was provided was invalid and despite many attempts to talk via phone he never returned any of my calls. All communications with this individual had to made via a third party. This individual was not a loan officer.
8. On July 26, 2010 I spoke with William Rinehart who is a customer advocate in Bank of Americas Office of the CEO. He informed me that all the points that I have raised here are standard procedure for the Bank .
I lost my job on March 13 2010 and decided it would be a good idea to close my Bank of America Savings Account and transfer the money into my checking account until I received my unemployment check. My checking account and savings account were linked. I also a "keep the change" on my checking account which takes charges from your debit card and rounds up the change and dumps it into your savings account. On March 13 I used my debit card at a fast food restaurant and exactly three days later the keep the change amount comes through to my savings account the same day that I closed it! The banker at Bank of America in Henderson NV off I-15N on Blue Diamond RD did not unlink my checking account from the savings account and did not turn off the "keep the change" product. Therefore, she closed the savings account didn't follow banking protocol and exactly $1 was left in the savings account. I received a letter explaining that the savings account was closed and the balance owed was 0. Therefore, since the teller did this I could no longer review the account online. On May 13 2010 the savings account maintenance fee of $5 hit the account because the account never closed because of the $1 that was left inside of it! The bank teller never delinked everything upon closing the account. During these weeks I was in and out of different Bank of America branches and non of the tellers whom made my deposits into my checking account told me the savings account was open and overdrawn. Well, on June 13 another $5 maintenance fee hit the account, on July 13 another $5 maintenance fee hit the account and on August 13 another $5 maintenance fee hit the account @ $5 a piece. So, the bank kept my savings account open and didn't ask me if I made any purchases the day before because keep the change might drop into the savings account which would leave it open. The moron banker didn't delink the account and close "keep the change." Now I may have been reported to Chexsystem and Telechek for an overdrawn savings account when the entire ordeal was Bank of America's fault! I received no alerts online, no emails and no physical letters in the mail and to top it off none of the employees at the branches told me! I found out yesterday August 19, 2010. Then I finally got someone to delink everything and close the account. When I got home an email came in that read Bank of America will assess $35 fee towards your savings account on 8/24 even though the savings account has been closed 2 x's with a positive balance. Then the banker tells me today that it takes 10 days to close a savings account permanently and you will get that fee regardless! When I go and explain myself the bank tellers are extremely stand offish even stating they must review my account to ensure my honesty! Please dear lord come and help me!
I remitted mortgage payments on time via ONLINE BILL PAY to BAC Home Loans Servicing for the months of April, May, June and July 2010. My Fed Credit Union assisted me in verifying that those payments were received and acknowledged by BAC on time. Still I am charged non-receipt of payment/late charges/interest by BAC and after numerous phone calls to their customer service reps (a true misnomer), no resolution has been achieved. I have also written to the several addresses from which their idiotic notices were mailed as follows:
July 20, 2010
To: BAC Home Loans, AZ1-807-01-19, 1515 W. 14th Street, Tempe, AZ 85281.
To: Bank of America Home Loans Payoff Dept Mail Stop NC4-105-01-40, 4161 Piedmont Pkwy, Greensboro, NC 27410-8110.
To: Customer Service, CA6-919-01-41, P. O. Box 5170, Simi Valley, CA 93062-5170.
To: Bank of America Home Loans, INS Dept MS:TX2-977-01-03, P. O. Box 961206, Fort Worth TX 76161-9911.
To: Back of America Home Loans, P. O. Box 10221, Van Nuys, CA 91410-0221
To: Bank of America Home Loans, P. O. Box 10219, Van Nuys, CA 91410-0219
RE: Loan Number 206502908—Property at 6456 Amherst Dr., Ocean Springs, MS 39564.
This is to inform and clarify that I, the undersigned, am the customer/creditor and responsible individual for reference loan. I have faithfully remitted monthly payments on this loan since its transfer to your bank as of 10/02/2009. Regular on-time payments were made via USPS October 2009 through March 2010 and via Keesler Federal Credit Union (KFCU) BILL PAY ONLINE April 2010 through July 2010. My FCU documentation reflects online payments and receipt by BANK OF AMERICA as follows:
07/01/2010 -- $1410.00 -- Ck #775023
06/02/2010 -- $1410.00 -- Ck #775011
05/03/2010 -- $1410.00 -- Ck #775010
04/02/2010 -- $1410.00 -- Ck #775005
I have received several past due notices from your Van Nuys and Tempe offices, and have tried to resolve the issues via telephone and fax only to have the calls from your bank re past due payments continue. I have consulted with my KFCU officer in contact with your bank at least three times, and still the past due issues are not resolved by your bank.
KFCU may be reached at 1 888 533 7537 or 228 385 5500 or PO Box 7001, Biloxi MS 39534-7001.
Request immediate action to research, clear and refund any and all past-due charges and/or penalties and interest re my account #x0x0x0x. Please notify me in writing when this requested action is completed with a copy of a currently/updated statement.
Bank of America Home Loans P. O. Box 5170,MS SV314B, Simi Valley, CA 93065 7/29/10
BAC Home Loans---AZ1-807-01-19,
1515 W. 14th Street,
Tempe, AZ 85281.
Bank of America Home Loans Payoff Dept
Mail Stop NC4-105-01-40,
4161 Piedmont Pkwy,
Greensboro, NC 27410-8110.
Customer Service, CA6-919-01-41,
P. O. Box 5170,
Simi Valley, CA 93062-5170.
Bank of America Home Loans,
INS Dept MS:TX2-977-01-03,
P. O. Box 961206,
Fort Worth TX 76161-9911.
Back of America Home Loans,
P. O. Box 10221,
Van Nuys, CA 91410-0221
Bank of America Home Loans,
P. O. Box 10219,
Van Nuys, CA 91410-0219
Five years ago, I was the victim of bank account fraud. I worked with Bank of America to resolve the situation and correct my accounts. Now, five years later they decided to close my accounts based only on this fraud incident and charge me a $50 fee to do so.
In 2005, my Bank of America checking account was breached. I live in Seattle, WA and discovered a withdrawal from my account in Alabama. I immediately contacted Bank of America that told me my mailing address was changed in their system to an Alabama address. Apparently, someone was able to contact Bank of America, convince them that they were me, change the address on the account and issue a new debit card to the new address. We worked with Bank of America to close the account and issue a new checking account. The bank credited the account for the lost money and everything seemed resolved.
I have always been a very good Bank of America Customer. I conduct most banking electronically and do not run overdrafts. I own a premium Bank of America credit card and owned a savings CD. Earlier this year, in 2010 I opened a new business account and credit card. Everything was going well with the account until we received a letter regarding our new business accounts.
The letter we received said that Bank of America “has elected to close your account in accordance with the provisions of our Deposit Agreement and disclosures provided”. It then stated that Bank of America “may report the account to Chex Systems, Inc., an account verification service. This may adversely impact your ability to open an account at another financial institution for up to five years.” While the letter included a phone number for the Risk Identification Center, it provided no explanation for the account closure.
The only accounts affected were the new business checking and savings accounts. Instead of calling the number, I decided to go to my bank branch and speak with the manager that set up my recent accounts. She mentioned that everything appeared fine with all of our accounts and did not have any information why the new business accounts would have been closed. The manager called the Bank of America Risk Identification Center and the gentleman stated that the reason the accounts were closed was due to a 2005 incident involving “electronic transfers”. He did not know any details and said that “any time an account is closed by the Risk Identification department, the customer can no longer conduct business with Bank of America.”
After I explained the 2005 event to the Risk representative he told the bank branch manager that she could try escalating the matter. Two days later I received a voice message from the manager apologizing for the policy, but that the bank could not reinstate my account. After getting the message, I paid a visit to the manager again.
She told me that the Risk Identification department has only been around for a couple years and was not even in existence when this episode happened. She asked if I had any paperwork about this incident from 2005 and I told her that Bank of America should have everything already. She stated that management would look at and consider any information I could provide about the 2005 incident. Apparently, the bank has very little information from five years ago and is asking that I provide it. Bank of America handled the matter in 2005 and did not provide me with any follow up correspondence as to the details after I reported it. She then stated that there was no risk to any of my personal accounts, the accounts I re-established in 2005.
I decided to call the Risk Identification department again to double-check if there were any other reasons for closing an account in good standing. The woman on the phone confirmed that the only reason for closing the account was the event in 2005. She reiterated that it is their policy to close all customer accounts no matter the reason, if the Risk department initiated the close. I told her that in 2005 I contacted Bank of America and worked with them to close the account and reopen a new one. She could not confirm anything in regards to the matter except the bank policy. She didn’t seem to have any information about the event.
Also interesting is that the representative had no idea about the other accounts I had at Bank of America (not even the personal account I re-established in 2005). When I mentioned it, she looked up my account numbers and said that these may be in the process of closure as well.
Bank of America is passing the blame to their customers. When criminals breach Bank of America security protocols and they decide to close an affected customer account, they will not allow you to conduct business again with Bank of America and will post a notice on the Chex system for all banks to see. The details of the events leading to closure do not matter and they may not even have any past records of the event. They essentially pass the buck to the fraud victim and even charge $50 to seal the deal.
FLORIDA -- Our experience with BOA started with a BOA screwup. To mend fences with the law firm my husband then worked for, BOA offered to give all the attorneys "Premier" accounts. We gave a mortgage to BoA for our home, we took out an equity line, and established personal checking, savings, and then later our operating and attorneys' trusts accounts for our own firm, IRAs, Roth accounts, and investment accounts. What did BoA do? First, they lost our mortgage and sent a nasty letter saying we had to execute their new mortgage. We did not. We sent a copy of the mortgage we had, and re-executed it. Let's see...then, BoA manager locally griped because I asked for more than one copy of a notarized document. Yep, that was pretty dumb. But that is how petty BoA was. Then, we got the F** letter. That meant that we no longer were eligible for the premier account because after the collapse that BOA helped cause, we no longer were rich enough for BoA to honor their promises (which, of course, were given because of their initial screw ups).
Finally, we discovered that we were being charged fees for maintaining our equity line, although we had a zero balance. We asked for the line to be closed, and they said we had to come into the branch to do so. Between the time they told us that, and we could get into the branch, they charged more fees! We paid the fees (for the privilege of maintaining a zero balance) under protest, and signed the forms they requested we sign to close the account. However, we crossed out and amended their "forms" since they demanded that we waive our rights under state and federal law which BOA had no authority to require and we certainly had no obligation to give. Cute, no? To close an account, when we owed NOTHING, they demanded that we waive our rights under the law. The branch manager wrote on the form that she "advised" us that BOA "may" not accept the amended form. They MAY NOT ACCEPT THE AMENDED FORM?
BOA has no right to refuse to refuse to cancel our account, when we owed them nothing. In fact, we notified the branch manager (a robot, I'm convinced) that if BOA does not give us a satisfaction within 60 days as allowed by our state statute, then we will sue them for attorneys fees and damages. This is an incredibly deceptive practice by BOA, since BOA has no legal authority to demand this. I actually almost hope they "lose" our satisfaction, because I would relish suing this bank.
We finally got a promise from BOA manager's manager that they would refund us the fees. My guess is that this check will get "lost" like they lost our mortgage, and fumbled the ball with the law firm.
If you are even considering Bank of America, reconsider! This bank is the scummiest, most inept and outrageous excuse for a bank I have ever seen.
If anyone out there has experienced similar problems with BOA, WE would consider filing a class action. We are lawyers.
I have had my account at Bank of America for 28 years. I didn't open the account with them, but rather with another bank that they subsequently took over. Be that as it may, I have had this account for 28 years.
I recently wrote a check for $2000 which overdrew my account by $113.
My mistake, and I had no problem being charged the $35 that they charged me. However, what I DID have a problem with, was what they did next.
They went back and reversed out the 9 small items such as milk, and bread and small items that I had bought with my debit card PRIOR to writing the $2000 check, posted the $2000 check FIRST, which caused the account to be overdrawn PRIOR to posting the small items.
In other words, they re-shuffled ALL the charges I made to enable them to charge $35 for 9 small items. This of course is 9 x $35 = $315 of nonsense charges.
When I called to complain, I was told that they do it this way, because THIS is what their customers requested. They admitted that they re-shuffle the charges from largest to smallest NO MATTER IN WHAT ORDER YOU MAKE THE CHARGES.
In other words, if a customer spends $10 while there is a positive balance in that customer's account, and then spends $1000 that causes this account to be overdrawn, THEY GO BACK and first put through the LARGER amount, which causes the account to be overdrawn, and THEN clear the smaller amounts which trigger the fee.
If you write ANY check that causes your account to be overdrawn, ALL the charges made to your account are re-shuffled into an order that allows the bank to maximize the fee's that they charge you. I am an Accountant by profession, and this process gives a whole new meaning to the term "fuzzy math".
Once I saw what was going on, I IMMEDIATELY ran to the Bank and deposited $5000. Well, this nightmare was FAR from over.
They put a hold on 90% of the check, which written on the deposit slip, it said that the check would clear on 4/22.
How you clear a PORTION of a check is beyond me. A check either clears or it doesn't. Be that as it may, I waited until 4/22, and then pulled up my account on the internet. They had NOT cleared the check by 4/22 and had now charged me another $315 of fee's.9 small items like small groceries where I had spent $10 here, and $20 there.
In the interim, the $5000 had already cleared the bank on which it was written on.
I called Bank of America, and was told that there was nothing that they could do. If I wanted to take my business elsewhere, that was fine with them.
I notice that the list of complaints against them is long and egregious. If there is anyone else that would like to participate in a class action lawsuit, or any lawyers looking for more victims, put me down. Thesed people are criminals, and something MUST be done.
Bank of America came to us not by choice because we did have Countrywide as our mortgage company. Well in the midst of the change and all, we were trying to refinance or remodify our loan. Well we fell behind when my husband and I both lost our jobs. It took me months of begging for BofA to send us papers for the "Making Homes Affordable" program, which by the way is a JOKE as well (started in June 2009). What BofA didn't tell us was that our credit score would go down significantly, and it showed we were making partial payments. Well, we made our NEW payment of what "Making Homes Affordable " told us to make and said we have to make them on time for 3 months. Well, almost a YEAR later, here we sit not knowing if we get to keep our house. Making homes affordable program kept telling us they didn't have all our information and I faxed them almost 400 pages which included all the paperwork numerous times with the confirmations of confirmations of confirmations that they received it. Then the program failed to let us know that they gave our case back to BofA. There it sits since December of 2009. We were supposed to have a new loan payment in October of 2009. It is now April 2009 and all we get are phone calls from BofA asking we need updated information on why you fell behind. Well, they have almost 400 pages to read. We have been lied to and were going to be checking into a lawyer. Don't know how much help it will do. BANK OF AMERICA only wants your money and does not help you out. They make you sit and wonder if you will have a home. They think this is a big game. They want as many people out of their homes because they are banking on the houseing market to go up and all these empty houses they are sitting on, they will charge an arm and a leg for. I am pretty sure they also are waiting around for the unemployed to get jobs so they don't have to remodify anyones mortgages. GREEDY GREEDY people!! Glad I don't bank with them.