Bank Of America / funds hold

Oakland, CA, United States Review updated:

I have deposited a paycheck 1x / month for years. All of a sudden, bofa is putting a 2 week hold on the funds. Last month the supervisor was "generous" enough to remove one week of the hold. This month I am told that the check went to "risk management"—cannot give reason and $304.00 is being held for 2 weeks. This may not seem like much to people and not certainly bank of america. I am just getting on my feet after 3 years of unemployment... The only thing that supported me was a $500 check from a reputable company in new york for which I work as a contractor. Risk management? They will tell you any lie to hold on to your money and then they told me I don't understand because i'm not a banker. No, it's because i'm not a liar.

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  • Ws
      22nd of Sep, 2012

    Bank of America also did that to me. I checked the paying party and their money were already taken from their bank but bank of America saying they are verifying if the fund was available. Bank of America lied straight up.

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