Bank of America Complaint - Service charge applied without notification of new minimum balance
After 36 years having the same checking account with Bank of America, we were charged a $14 fee for having a balance below the minimum. Our balance never went below the $1000 minimum balance requirement that we agreed to and that has been in effect for 10 years, but when we challenged the fee assessed, we were told that "the new minimum balance is $1500". We were never notified of this change, unless this info was buried within some text blather that no one reads. Believe it or not, Bank Of America refused to remove the charge, and will now lose not only this personal checking account, but our business account and both of our personal and credit card accounts....for a lousy $14 scam charge.
We will do what we should have done ages ago and put our money into a community bank, that offers a REAL free checking account. I suggest everyone do the same.
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