• Report: #597520
Complaint Review:

Bank Of America, N.A.

  • Submitted: Tue, April 27, 2010
  • Updated: Mon, May 03, 2010

  • Reported By: Jerome — Emporia Virginia U.S.A.
Bank Of America, N.A.
Internet United States of America

Bank Of America, N.A. bofa.com Overdraft Harrassment Internet

*Consumer Comment: perhaps...


*Consumer Comment: Karl...


*Consumer Comment: Karl, at the risk of taking the bait...

*Consumer Comment: Overdafts and Bank of America

*Consumer Comment: RONNY G, DID YOU READ....

*Consumer Comment: No need to pull the race card against this bank...

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The banking time management is over-taxing me for overdrafts this month of April of 2010. I believe there is a white-collar crime involve or someone's really harrassing my banking account. This crime is typical to most customers of Bank of America of the black race. People with Direct Deposit are get double standards in the banking system for nothing. I had a positive showing at the time of transaction and got a double wammy on the overdraft 5 days later. I'm not going to use my check card to make any extra purchases.

This report was posted on Ripoff Report on 04/27/2010 05:36 PM and is a permanent record located here: http://www.ripoffreport.com/reports/bank-of-america-na/internet/bank-of-america-na-bofacom-overdraft-harrassment-internet-597520. 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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#1 Consumer Comment


AUTHOR: Ronny g - (USA)

But I look at it this way. Ron Paul is an elected Congressman. And he ran for President. He is the lowest user of PAC and lobbyist funds. Yet he raised more funds in the 4th quarter of 2007 then any other Republican. So it can happen. The only ones sweeping him under the rug at this point, is the American Voters, sad but true. Karl..we do this ourselves. There is no doomsday "machine", we are on a suicide mission. Death by ignorance.

When will AMERICA wake up?
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#2 Consumer Comment


AUTHOR: Karl - (USA)

so what Ron Paul said will be pushed under the rug by the ones who are really in control of this country, in my opinion.

Don't forget to 'Google' this- WHO OWNS THE FED?, and go to that site and read the chart of ownership and the related charts.


Thank You

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#3 Consumer Comment


AUTHOR: Ronny g - (USA)

I took the bait. But please don't leave my name on the title of your posts. Just a request.

That aside..here is a quote from the person I campaigned for last election..Ron Paul regarding corporate welfare..

"It is not only bad economics to force working Americans, small business, and entrepreneurs to subsidize the export of the large corporations: it is also immoral. In fact, this redistribution from the poor and middle class to the wealthy is the most indefensible aspect of the welfare state, yet it is the most accepted form of welfare. Mr. Speaker, it never ceases to amaze me how members who criticize welfare for the poor on moral and constitutional grounds see no problem with the even more objectionable programs that provide welfare for the rich."
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#4 Consumer Comment


AUTHOR: Karl - (USA)

there have been people who wanted control over the masses. They believe that they are superior to others.

For thousands of years the masses of people have been speaking-out against the ones who believe that they are superior. People are speaking-out right now in places like Thailand, France, Iraq, Iran, Honduras, the United States of America, Kyrgystan, and other parts of the world, correct? Some of it has gotten violent and people are being killed!


*Because the ones who believe that they are superior have "destroyed" the lives of the masses due to their GREED.

Anyone in any position of power loses sight of what is 'right' and what is 'wrong'. Power alienates EVERYONE! There isn't a leader in the world today who is truly 'for' the people. Not one! As a matter of fact, these so-called 'leaders' are not leaders at all. They are FOLLOWERS.

Make sure to 'Google' this- FRONTLINE: THE WARNING, and listen very carefully to what Alan Greenspan said towards the end of that documentary when he was testifying before Congress.

I believe he said something to the effect that he found a 'flaw' in the way the world should work.

QUESTION: Why is Alan Greenspan in charge of the 'way' the world should work?

*Have you ever 'Googled' the following people and gone to the Wikipedia site and read about them-

Alan Greenspan
Robert Rubin
Larry Summers
Lloyd Blankfein
Rahm Emanuel
Henry Kissinger
Richard Fuld
Stephen Schwarzman
Ben Bernanke
Maurice Samuel
Dr. Mandelstamm of Kieff
(I could go on & on & on......)

*They all have something in common with one another, don't they?

Remember, people all over the world have been 'corralled' like cattle for THOUSANDS of years. It's still going on. Guess what? It doesn't work, and the people are speaking-out against the system and speaking-out against the ones who are doing the 'corralling', again.

What's happening in Greece and in Kyrgyzstan is what will eventually be taking place in most of Europe and even in the USA, in my opinion. I believe that a total collapse of the 'system' is coming soon. Do you know why? Because the system is 'FLAWED', and it doesn't work for the MASSES OF PEOPLE. It only works for the few who want control, and for their PUPPETS who do their best to maintain control.


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#5 Consumer Comment

Karl, at the risk of taking the bait...

AUTHOR: Ronny g - (USA)

I think this warrants clarification.

I was not saying there is no racism in the world, and I am not saying if this bank is racist or not...

What I was implying is in the case of this banks overdraft fee policies, it is an equal opportunity rip off.

Granted it is statistically proven that ethnic minorities are lower income, and it is statistically proven that overdraft fee scam victims are disproportionately lower income, but people of all races and ages have been victim and trapped into the "direct deposit, auto undisclosed debit card OD protection enrollment, statement manipulating, transaction time altering and re-sequencing" tactics.
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#6 Consumer Comment

Overdafts and Bank of America

AUTHOR: doc - (United States of America)

This has happened to me several times.  Bank of America is an unethical institution and the overfraft charges they hit customers with is unbelievably wrong and illegal.
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#7 Consumer Comment


AUTHOR: Karl - (USA)

Benjamin Disraeli's quote about race? If not, here it is-

Quote: "No one must lightly dismiss the question of race. It is the key to world history. And it is precisely for this reason that written history so often lacks clarity- It is written by people who do not understand the race question and what belongs to it. Language and religion do not make a race. Only blood does that." - Benjamin Disraeli

*Anyone can 'Google' this- BENJAMIN DISRAELI, and go to the Wikipedia site and read all about him.

Here's another quote-

"Banking was conceived in iniquity and born in sin. If you want to continue to be slaves of the bankers, and pay the cost of your slavery, then let the bankers continue to create money and control credit." - Sir Josiah Stamp, former head of the Bank of England.

iniquity (definition) - wickedness.

*If you 'Google' this- WHO OWNS THE FED?, and go to the site where the chart of ownership appears, you'll see that the Bank of England is named at the top of 'Chart 1', right?

Have a nice day.

**************************WORLD HISTORY ALERT**************************

*Anyone in the world can 'Google' this- DOUGLAS REED- THE CONTROVERSY OF ZION- INDEX- SITE BY KNUD ERIKSEN, and read that book on the web to learn more about world history. 
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#8 Consumer Comment

No need to pull the race card against this bank...

AUTHOR: Ronny g - (USA)

They are equal opportunity rip off artists, and ALL of their customers were subjected to the same tactics..black, white, rich, poor, handicapped, war veteran, young, old etc. The banks are being charged with non disclosure, among several other criminal charges..

Hence, this bank is one of the prime defendants in a current class action lawsuit you may be interested in...

MIAMI--(EON: Enhanced Online News)--Marking a substantial step forward in litigation over the banking industrys abusive and excessive overdraft fee policies and practices, plaintiffs' counsel announced that bank customers have filed a series of nationwide class action lawsuits against Bank of America, Wachovia, U.S. Bank, JPMorgan Chase, Citibank and others. The complaints were filed in the United States District Court for the Southern District of Florida in Miami, where all federal lawsuits brought against the banking industry for abusive overdraft fees have been coordinated before the Honorable James Lawrence King.

"The collection of excessive overdraft fees, usually around $35 per transaction, impacts millions of Americans each year and has become a multibillion-dollar profit center for the banks," explained lead plaintiffs counsel Bruce S. Rogow. "In many instances, these overdraft fees cost customers hundreds of dollars in a matter of days, or even hours, when they may be overdrawn by only a few dollars. Charging a $35 overdraft fee when a college student uses her debit card to buy a cup of coffee is unconscionable."

How Bank "Overdraft Protection" Works and Why the Abusive Collection of Overdraft Fees is a National Concern

Today, when customers open checking accounts, banks provide debit cards for the withdrawal of cash from ATM machines and the purchase of goods and services. Many bank customers are not aware that as part of the process of obtaining the debit card, banks automatically enroll their customers in "overdraft protection." The overdraft protection kicks in if the customer spends more than he or she has in the account to cover the purchase, up to a limit of a few hundred dollars.

Banks could simply decline to honor customer ATM or point-of-sale transactions if the account lacks sufficient funds, or could warn customers that if they go through with the transaction an overdraft fee will be assessed. In fact, until a few years ago, most banks simply declined debit transactions that would overdraw an account.

"Banks do not record charges and purchases on ATM or debit cards in the order they actually occur,"

stated plaintiffs counsel Michael W. Sobol of Lieff Cabraser Heimann & Bernstein, LLP. "Instead, banks reorder the charges and purchases so that the largest charge or purchase is the first one paid by the bank. This manipulative practice is intentionally designed, the complaints allege, to maximize overdraft fee revenue."

"If you buy your kids a $15 meal at McDonalds on your debit card and your account was overdrawn, that lunch actually cost you $50," added Mr. Sobol. "The bank wont decline the debit transaction, nor will the bank tell you that you have overdrawn your account and is about to turn your $15 lunch into a $50 expense."

In 2007, banks collected more than $17 billion in overdraft fees. That number nearly doubled in 2008, as more and more consumers struggled to maintain positive checking account balances. In 2009, banks are expected to bring in up to $40 billion in overdraft charges from nearly 50 million customers.

"While all bank customers could have been affected, these overdraft fee policies disproportionately affect young people, the elderly and the poor, who are most likely to maintain low account balances," noted Mr. Rogow. "Moreover, these fees have the tendency to create a domino effect, resulting in even more fees."

Further Information for Bank Customers

Bank customers assessed overdraft fees who wish to learn more about this litigation should visit [www.bank-overdraft.com] where they can submit their complaint to plaintiffs counsel.

Lieff Cabraser Heimann & Bernstein, LLP
Michael W. Sobol, [415-956-1000]
Bruce S. Rogow, [954-767-8909

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