- Report: #329137
Report - Rebuttal - Arbitrate
Complaint Review: Bank Of America
Bank Of AmericaP O Box 341475 Los Angeles, California U.S.A.
Bank Of America B of A withdrew money from my child's Coogan Law Trust Account to cover one of my accounts. Los Angeles California
*Consumer Comment: Coogan's Law Account & Parent's Access to it
*Consumer Suggestion: Yep to protect the childrens money
*Author of original report: B of A Charges update
*Consumer Suggestion: alot in service charges
*Consumer Comment: Stop hiding behind a child
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Isn't this illegal? How can Bank of America pull money out of an account, which by law no one can touch, and cover something like this? This account was opened so that my child would have savings from her earnings when she turns 18. Nobody is supposed to be able to touch the money until she turns 18.
I called customer service and they basically said that B of A could pull money out of any one of the accounts that happens to have my name on it. Regardless of whether it is a Coogan Law Trust account and I am only a trustee on the account.
I am closing my account with Bank of America asap. Their fees are ridiculous as are their business practices.
Los Angeles, California
This report was posted on Ripoff Report on 04/26/2008 11:37 PM and is a permanent record located here: http://www.ripoffreport.com/r/Bank-Of-America/Los-Angeles-California-90034/Bank-Of-America-B-of-A-withdrew-money-from-my-childs-Coogan-Law-Trust-Account-to-cover-on-329137. 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.
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