Bank of America Complaint - Extended Overdraft Fee - Legalized Robbery
I've lost my business due to the recession and have been struggling to make my ends meet, taking on some little projects here and there. I can't find a job, so obviously the money is very tight. A client was late with his payment for my work and two payments went through, hitting me two overdraft fees, which $70.00, I called the bank and asked them not charge them their notorious extended overdraft fees, trying to explain the situation. The representative was kind of understanding and asked me to call back when the fee had posted. He also told me that he made a note on my account that I calledand tried to work this out. So, the extended overdraft fee had been charged pushing the fees total over a $100, which is my weekly groceries budget. I've finally received and deposited the payment and called the BoA again. Sure enough, no amount of begging, reasoning, transfer to the supervisor could have changed reversed overdraft fee on top of the overdraft fee. They've made more than a hundred dollars off of me in overdraft fees alone. They have raised their monthly fees from $4.99 to $9.99 on the grounds that the account does not have direct deposit and the certain amount is not maintained on it. So, if you are struggling, they would add even more to your struggle, following their policy of "Punish the poor loosers". They get the zillion dollars in the bailout money and they turn around and start slapping their poor customers with their creative fees. I will be closing all my accounts with them. They are legalized robbers, aided by the our tax money. The government should really look more closely into their activities!
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