Bank of America Compliment - Thank God for the Government!
In this era of hard economic times there is NOTHING worse than getting raped by your bank in overdraft charges. I've been a BofA customer for close to 20 years. And if I'm stupid enough to accidentally overdraw my account, I usually suck up the overdraft fees and promise myself to be more careful. What happened this month, is far beyond fair or ethical, in my opinion. On the 15th of the month, I checked my balance online and had $956. in my checking. I knew I had an outstanding check( senior living rent for my dad)for $900, so I thought I would be OK until one of my direct deposits from one of my 3 jobs came through. Wrong! 2 days later, when the check came to the bank, I now had a negative balance and $245 worth of overdraft fees. Yes, I had forgotten that I contributed $25 to the Presidents healthcare campaign, and yes I had forgotten about an automatic debit for a useless on line dating site, BUT..the bank resequenced all the previous transactions from earlier in the week, put the check in front of them, and caused 7 overdraft items at $35 each to occur on a $2.32 Dairy Queen purchase, a $3.18 Mc Donald purchase, a $3.36 Starbucks purchase and a $4.65 Hardees purchase. All of these items had previously cleared but were resequenced from highest to lowest amount so the bank could charge for 7 OD fees instead of 2 or 3. What a scam!!! And then, since I only get paid every 2 weeks, they added another $35 fee for being overdrawn more than 5 days. What????
Is it my fault that the economy and housing market where I own a home collapsed? Can I help it that lenders gave mortgages to people who absolutely couldn't afford them, causing massive foreclosures in my area and dropping the value of my home $300.000. and making it impossible for me to sell my home, even though I'm not living there most of the time? No. But I'm doing what I need to do to pay my bills. so, when I'm working 1 full time job and 2 part time jobs at 54 years of age (with health issues) I get really PO'd that a bank I've been dealing with for years screws me like this! Fortunately, a bill has just been passed in Congress to stop this unethical practice. And though I'm stuck eating these charges this time, you can bet it won't happen again! And there's a good chance I'll be shopping for a new bank!SOBSBE...sick of being screwed by everyone!
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