Bank of America Complaint - Abusive Overdraft Fee Policy
I’m writing to report to you the abusive fee policy of Bank of America. Since the end of last month to the beginning of this month Bank of America has taken approximately $500 in overdraft fees from my bank account. They will hold charges as pending for days. Because of this when I check my balance at their ATM it gives me a different balance then what the actual balance is. They claim that it’s the company that is holding the charges as pending thus my balance is different from reality. Now, I have a PayPal debit card that I use at the same places I use my Bank of America card and the charges are never pending.
I’m living on Social Security and a small pension from New York State Government. Because Bank of America took so much money from me I have to depend on food banks to eat and I can’t pay the full amount of my rent.
One day the Federal Government will catch up to this scam. The public needs to know what’s going on with this bank. They take bail out money but are making millions abusing the average citizen.
Steven Dyer of the Complaints Board writes:
”The Bank of America is making new headway in the area of ripping off its' customers. Not only do they purposely clear and post deposits and withdrawals in a manner to overdraw your account they do it in a fashion to specifically charge the most in fee.”
More Reviews on Bank of America: