Bank of America Complaint - Placed hold on my Deposit!
PONCA CITY, OKLAHOMA -- About Nov. 20th, I attempted to deposit a check for 25 Grand. They would not let me. I was told since my husbands name was on the check, and he did not have access to my account, it was not allowed. I took the check to my husbands bank and deposited it without any hassle. Fast forward 11 days, the check has cleared , His bank. He then writes me a check for 10 grand. I deposit this into the BOA account on Fri. Dec 8. Monday I call to inquire about holds ect. I was told that 100. was available, and approx half would be available that night at midnight.
Tuesday , I call, Nope not available until 5 pm.
Thurday, today, I call, as I am now getting email that my payments have been returned, and incurring overdraft fees. I check online to see what is going on. They are showing I am in the Hole for 5500.oo and have now incurred 5 overdraft fees of 35.00 each. Now I am furious. For the 3rd time, I call the bank. They have put a total of 3 holds on my deposit, and it will now be Wednesday, December 20th before I will have access to my funds. They did remove the overdraft fees, however they are now showing the account overdrawn by 200.00.
Just as soon as those funds clear, I am closing that account, paying off in full a credit card that I have and cancelling my direct deposit of my paycheck...
Here is an update! December 18. Still no access to my money. I just got a letter from BOA stating the 15th they would release 4900.00. Went online and balance shows a negative 142.00.
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