PLEASE CLOSE YOUR ACCOUNTS FROM BANK OF AMERICA!
My story: The Bank of America (I refer to them as the PIRATE BANK) recently overdrafted me due to insufficient funds in a little checking account I keep with them. I immediately deposited funds to cover, so they posted the overdraft fees AFTER I had deposited thus putting me negative again. (Of course I hae overdraft protection and one other savings account they could have tapped for money) but I digress. Instead they continuously tacked on overdraft fees to the tune of over $200 in just a couple days! All the while letting my debit card think there was money there! So, $20 in gas cost me $55! A 5.91 charge cost me 40.91 These lousy crooks tacked overdraft on overdraft so I would be negative! PLEASE, LET US SHOW THESE BANKS American public has had enough! It is bad enough we give em tax dollars and let them screw us over on mortages but NOW they're stealing right from our accounts! If everyone passes this information along and closes their accounts with Shysters (I mean Bank) of America they will get the message. Maybe it will eat into their 16Million dollar bonuses.
Here's some more reports:
Los Angeles Times:
The California Supreme Court unanimously overturned a billion-dollar class-action award against Bank of America Corp. on Monday, ruling that banks can collect overdraft fees from accounts in which government benefits intended for subsistence are directly deposited.
The ruling threw out a 2004 verdict by a San Francisco jury that found the bank violated state law by taking fees for insufficient funds from accounts set up to receive Social Security benefits.
| Monday, 23 February 2009 22:53 |
I submitted my pay check to Bank of America, assuming I had money available since I've been employed with the same employer for a while and they usually hold it for one day, they decided to hold it of several days. HOLD my check without my knowledge! I tallied HUNDREDS of dollars in overdrafts in a matter of a week. There were $1 dollar purchases that received $35 overdraft charges. This is just the beginning of the nightmarish experience I've had with this corporation called Bank of America. It gets much worse, we're are talking about several thousand dollars worth in a matter of a few months.
Or how about this one I found on the net:
In August 2007, based on misleading and false advertisements and willful lying by Bank of America’s customer sales reps, I signed up for a 30,000 Line of Credit intended to launch my out-of-home business. BOA’s reps verbally communicated that I qualified for a $30,000 line of credit with an APR of 12.99% under Bank of America’s “GoldOption Line of Credit” finance product. Upon accepting the BOA’s GoldOption terms of $30K at 12.99%, BOA switched my credit line—without my permission or knowledge—from a line of credit to a $32,000 cash advance with an APR of 21.99%, a full 9 points higher than what I agreed to. Upon receiving my second billing statement, Bank Of America raised my APR to 56.33%. |
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