Bank of America Complaint - Out of Control Overdraft Fees
NEW JERSEY -- Wow... What a relief! I just closed my BofA checking and savings account and I feel like a heavy burden lifted off my back. I don't have to worry about OVERDRAFT FEES from them anymore.
It's absolutely outrageous how they punish and rob honest, hard-working, and unsuspecting Americans by inflicting exorbatant fees for going even a few cents over your available balance.
I've paid over $700 in overdraft fees this year! It happens the same way every time... the bank ALLOWS you to go over your available balance (even if it's one penny), which starts a cascading wave of consecutive fees that pile up instantly overnight. One time I was hit with almost 300 in one shot. I pleaded with the customer service agent and told him that was almost my entire paycheck, but he stonewalled me.
This is practice is pure theft! I make about 30k a year and $700 in fees really hurt me. I felt so good walking into the local branch and tell them I was closing my account. I hope someone is able to bring them down. They are professional crooks. How do you justify a $35 fee for going over your account by a few cents?