• Report: #192017

Complaint Review: Bank Of America

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  • Submitted: Wed, May 17, 2006
  • Updated: Sun, September 10, 2006

  • Reported By:Scottsdale Arizona
Bank Of America
bankofamerica.com Scottsdale, Arizona U.S.A.
  • Phone:
  • Web:
  • Category: Banks

Bank Of America Unauthorized charge to my checking account, privacy Guard Scottsdale Arizona

*Consumer Comment: reading the fine print

*Consumer Suggestion: All credit companies have this

*Consumer Suggestion: All credit companies have this

*Consumer Suggestion: All credit companies have this

*Consumer Suggestion: All credit companies have this

*Consumer Comment: Also, keep in mind....

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Privacy Guard is an associated company of Bank of America. They have been charging my account USD 11.99 per month for the last year. I was not diligent enough to follow up on these charges until now.

I called Privacy Gaurd 877-488-0086 and spoke to a lady who claimed that I had signed up for this by returing a BOA offer for a free credit report. I recall doing this, but the form did not indicate that I would be signed up to charge my account USD 11.99 per month . They then tried to sell me all the benefits they provided. I insisted on cancelling and requested a full refund. They refused the full refund. I then spoke to Chris the supervisor who was aggressive and claim they would under no circumstances give me a refund.

Mailed Bank of America with the above and this was their response.

=======================================================
Thank you for your inquiry dated 5/16/06 regarding Interest Checking -
8795 Inquire about a Transaction. Your concerns are very important to
us.

Bank of America Privacy Source is a service designed to help you monitor
your Credit Reports to help guard against Identity Theft and take
control of your personal records, including Neighborhood and Property
information, and ongoing monitoring of your Credit Status. This service
is available to all Bank of America Debit Card customers.

Privacy Source product features include:
- Unlimited requests for your credit report showing information from
three credit bureaus
- Toll-free Credit Advisory Hotline
- Credit Alert - Quarterly notification of inquiries or derogatory
information posted to file
- Access to Social Security reports
- Personal Credit Score
- Emergency Medical Data Card
- Access to Property and Neighborhood reports.

For additional information, or to cancel this service, please contact us
at 1.800.243.9404, Monday through Friday 9ᚨ a.m. to 8ᚨ p.m. Eastern
Time and Saturday 9ᚨ a.m. to 5ᚨ p.m. Eastern Time.

However, if you wish to dispute the transaction, please be advised that
to dispute an ATM, Check Card or Automated Clearing House, ACH,
transaction, please call the number on your Bank of America statement,
or contact Customer Service at 1.800.432.1000 between 7 a.m. to 10 p.m.
Mon through Fri, 8 a.m. to 5 p.m. Sat through Sun Local Time. Please
have your telephone Access ID and PIN or your account number, ATM, Check
Card and Social Security Number available. Press 0 to speak with an
agent or select the option to file a formal dispute. Or, you can write
to us at:

Bank of America
PO Box 53137, ��
Phoenix, AZ 85072 - 3137

We apologize for any inconvenience this may have caused. If we may be
of further assistance, please contact us again by e-mail.

Sincerely
=================================================
Called the number 1.800.432.1000 to file a dispute. They again gave me all the benefits and explain that I had signed up for the service when I activated by new debit card. In the maze of telephone activation system there apparently was an option which I had chosen which then enrolled me in the scheme.

This story is different that what Privacy Guard gave me. They almost refused to file a dispute and offered to call Privacy Guard to cancel my membership.

I refused and insisted it was my right to file the dispute. I can unfortunately only dispute the last 60 days transactions in terms of Federal regulation E. I went ahead with the dispute as I figured I would get a dispute number.

I was then told I would receive documentation of the dispute in the mail and I need to complete and return to then. They then notified me that they would reverse the last two months charges and if I did not return the correct documents they would reverse the credit.

We see how this pans out.

Rory
Scottsdale, Arizona
U.S.A.

Click here to read other Rip Off Reports on Bank of America

This report was posted on Ripoff Report on 05/17/2006 04:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/Bank-Of-America/Scottsdale-Arizona-85251/Bank-Of-America-Unauthorized-charge-to-my-checking-account-privacy-Guard-Scottsdale-Arizo-192017. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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REBUTTALS & REPLIES:
0Author 6Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

reading the fine print

AUTHOR: Melody - (U.S.A.)

Just a reminder that on the back of most bank statements and credit card statements they tell you you must dispute errors within a certain time frame 45-60 days. And the dispute must be in writing usually at a different address.

Most of these companies that charge for credit monitoring, additional services, will refund one months payments if you call right away. If you wait to call they will say it was on your statement and by not disputing it right away you are agreeing to their terms.

Always read your statements and balance accounts in a timely manner. In addition to calling dispute in writing and send it certified return reciept

That being said you still need to file a complaint with the FTC. If enough people file a complaint and say it is deceptive the FTC usually investagates. It may take a year or two but it is worth it.
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#2 Consumer Suggestion

All credit companies have this

AUTHOR: Timfany - (U.S.A.)

People never want to read the fine print, alot of credit companies offer this offer. I activated a card recently on the phone with another company I always wait for the recording to say goodbye before I hang up if you don't then you don't get the chance to opt out of any programs like credit card insurance, credit monitoring. One card I activated had five different programs attached to it. When you receive a credit card or check card read all the pieces of paper that come with it and you will see that if you don't call to cancel you are in usally a 60 day free trial and then they will chrge that is why I always activate cards over the phone because after activation you are giving the option to opt out of the offers and when the recording says goodbye then I know it is safe to hang up.
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#3 Consumer Suggestion

All credit companies have this

AUTHOR: Timfany - (U.S.A.)

People never want to read the fine print, alot of credit companies offer this offer. I activated a card recently on the phone with another company I always wait for the recording to say goodbye before I hang up if you don't then you don't get the chance to opt out of any programs like credit card insurance, credit monitoring. One card I activated had five different programs attached to it. When you receive a credit card or check card read all the pieces of paper that come with it and you will see that if you don't call to cancel you are in usally a 60 day free trial and then they will chrge that is why I always activate cards over the phone because after activation you are giving the option to opt out of the offers and when the recording says goodbye then I know it is safe to hang up.
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#4 Consumer Suggestion

All credit companies have this

AUTHOR: Timfany - (U.S.A.)

People never want to read the fine print, alot of credit companies offer this offer. I activated a card recently on the phone with another company I always wait for the recording to say goodbye before I hang up if you don't then you don't get the chance to opt out of any programs like credit card insurance, credit monitoring. One card I activated had five different programs attached to it. When you receive a credit card or check card read all the pieces of paper that come with it and you will see that if you don't call to cancel you are in usally a 60 day free trial and then they will chrge that is why I always activate cards over the phone because after activation you are giving the option to opt out of the offers and when the recording says goodbye then I know it is safe to hang up.
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#5 Consumer Suggestion

All credit companies have this

AUTHOR: Timfany - (U.S.A.)

People never want to read the fine print, alot of credit companies offer this offer. I activated a card recently on the phone with another company I always wait for the recording to say goodbye before I hang up if you don't then you don't get the chance to opt out of any programs like credit card insurance, credit monitoring. One card I activated had five different programs attached to it. When you receive a credit card or check card read all the pieces of paper that come with it and you will see that if you don't call to cancel you are in usally a 60 day free trial and then they will chrge that is why I always activate cards over the phone because after activation you are giving the option to opt out of the offers and when the recording says goodbye then I know it is safe to hang up.
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#6 Consumer Comment

Also, keep in mind....

AUTHOR: Robert - (U.S.A.)

even if you do return the correct paperwork, they could reverse the credit if they deny the disbute. I think they have up to 30 days after receiving the paperwork to complete the investigation.

I suspect though, that BOA will probably deny the disbuted charges since it seems you had in fact authorized them (by mailing or activating whatever the requirement was). Another example of why someone should read everything presented to them.

Good luck.
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