Bank of America Informative - Backdating check posting to create NSF fees
NEW JERSEY -- On August 25, my payroll was direct deposited to my checking account. I didn't have much money in there and I knew it. My daughter, who leaves for work around 3AM, wanted to know if I had any money so she could stop at the local convenience store before going to work. I went online (it was about 1:30AM on Friday the 25th) and saw that my pay had deposited and that, after I paid my rent, I'd have about $200 left. So, I told her no problem - she could use my debit card to get something to eat. On Wednesday, August 30, I received a notice in the mail of an overdrawn check with a NSF charge of $31. I knew this was impossible because I had checked my account myself and there were no checks posted against it when my pay was deposited. So, I went into my account and found to my wondering eyes that not only had a check mysteriously posted, but that it was backdated to August 24!!! Just before my payroll was deposited!!! And, of course, because it exceeded my balance that day, they charged me $31. Before BOA took over Fleet, I never had one bit of problem with my checking account. Now, in two short months, I have been overdrawn twice - once with my Visa debit because they won't stop a transaction when there are no funds (and I was told that I would be charged the $31 regardless for trying to access insufficient funds) and once with a check that WAS NOT POSTED AT 1:30AM ON AUGUST 25 THAT MYSTERIOUSLY POSTED WITH AN AUGUST 24 DATE 5 DAYS LATER!!!! They saw a chance to make some money and took it. The Feds have already found these practices illegal - why the HELL aren't they doing anything about it??? I plan to close out this account and hightail it to my credit union. I have had this account since 1998 and have survived FOUR bank takeovers. Not until now has the bank who took over been this underhanded and blatantly fraudulant!! I plan to make screen prints of my account in the future before and after my direct deposits to make sure I have proof of their backdating schemes in the future until I finalize my account transfer. SCREW BOA! They are as useful as "tits on a boar hog", to quote my deceased father.
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