Bank of America’s Latest Rip-Off!

Written on August 4, 2009 – 9:07 am | by Diane |

You would think that Bank of America would curb their unethical business practices in light of all of the controversy about them, but apparently that is not the case.
Ok, maybe I should be reading all those pamphlets that come with my statements. Those pages and pages with the teeny tiny writing that are written in a scripted language that only a banker or lawyer would understand. In actuality, reading them wouldn’t serve any purpose other than to inform me ahead of time that there will now be a charge, a $10 charge for the automatic transfer from one account to another for overdraft protection.
It’s been frustrating enough that when the balance is low, the transfer is made. The account does not have to necessarily be overdrawn. Now that was not a major issue because when the transfer was made out of my account, I would go into the account online and transfer it back. It’s been kind of a game I’ve been playing with Bank of America. What fun, huh?! However, now each transfer that is made, necessary or unnecessary is going to cost $10. No more games!
What is the answer?
Like so many people are doing, I would love to withdraw every cent out of Bank of America. My issue is that I have a credit line through Bank of America that is tied into a house that I would like to sell but can’t because the real estate market is what it is. I have a credit card through Bank of America that I can’t pay off because I can’t get a loan because the economy is what it is.
So, I’m stuck dealing with an unethical bank whose business practices seem to change on a whim. It seems to me that the only option is to un-anxiously anticipate the next underhanded, unethical, self-serving policy that Bank of America implements.

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  1. One Response to “Bank of America’s Latest Rip-Off!”

  2. By Diane on Aug 5, 2009 | Reply

    Unbelievable, Bank of America just did it again. Not overdrawn, but a charge was pending, not withdrawn. Overdraft protection with a $10 charge. They said they reverse the overdraft deposit, but won’t refund the charge. I’m furious!

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My name is Diane. I am your average middle aged, middle class American female. Divorced, happily remarried, two biological children, four step-children. I started this blog because I'm one of the "little people" who needs to be heard. More...

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