• Report: #564998

Complaint Review: Bank Of America - BofA

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  • Submitted: Friday, February 05, 2010
  • Posted: Friday, February 05, 2010
  • Reported By: Brandon — West Hills California United States of America
Bank Of America - BofA
Internet United States of America

Bank Of America - BofA Misleading online transaction records, items shown as "pending" magically post the day prior on later statements Internet


1Author 0Consumer 0Employee/Owner

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On February 4th, I checked my checking account activity online, and it showed several pending transactions on that day. I deposited a BofA check into the account to cover the amount and thought that would be that. I worked as a teller a few years back, and I knew that a credit should post before a pending debit.

The next day (Feb 5th) I see that several of the transactions that were pending on the fourth had somehow managed to post on the third. My deposit posted on the fourth as expected, but I had already been charged 4 overdraft fees.

Surely many people must have noticed this little trick. It's deceitful and obviously designed to screw the account holder out as much money as they can. I will be closing my account ASAP and taking part in the class-action lawsuit against BofA for their overdraft policies.

This report was posted on Ripoff Report on 2/5/2010 12:34:34 PM and is a permanent record located here: http://www.ripoffreport.com/banks/bank-of-america-bofa/bank-of-america-bofa-misle-ae699.htm.

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