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Bank Of America / overdraft fees scam

1 FL, United States Review updated:

This Bank practices the art of holding transactions so you think you have a positive balance then they post them when your account is low, they pay the outstanding transaction that they hold themselves and charge a fee for every oustanding transaction, they charge the fee several time hoping you don't catch it. When you call customer service they tell you it is perfectly legal and will not refund a dime. This bank scams the little people because if they tried this with big companies they be in court in a second, and have to pay federal fines for their practices, yet they get away with doing it to the little guy. This bank has stolen thousands of dollars from me in the last six months and keeps telling me they will investigate it. the truth is if you don't get it satisfied within 45 days they own your money. Bank of America needs to be in federal court about there overdraft fees and banking practices.

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  • Si
      1st of Jun, 2009
    0 Votes

    I also have seen how the act with the fees. I have lost thousands of dollars. I was told by one of the account specialists that if you make a transaction that is under 10.00 it will show as a pending transaction, be taken out of your account, then "fall off" for 3 days and then reappear to be taken out of the account. After inquiring about the "fall off" she explained that the money is added back into the account and then removed again at a later date. I will be removed on the date the card was actually used. If you read the coding that is beside the description of use of the card you will see a date inside there. That is the date that you supposedly used the card and the date that it will be removed, when the amount is finally settled and removed. They slam your account with 35.00 fees so that your larger amounts that get deducted from the acount are now insufficient. And they get to charge another fee. Every transaction that I made in this account under 10.00 has a 35.00 fee for insuficient funds attached to it. I am a sick man see doctor on weekly basis I can't afford this, and now no money for medicine or bills or gas to work. GOD HAVE MERCY

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