• Report: #475534

Complaint Review: Bank Of America

  • Submitted: Sat, August 01, 2009
  • Updated: Sun, August 02, 2009

  • Reported By:Atlanta Georgia
Bank Of America
2818 E Point St, East Point, Georgia U.S.A.

Bank Of America Took Advantage of their Overdraft Policy overcharged my account with their fees. East Point Georgia

*Consumer Comment: hah

*Consumer Comment: Unbelievable!!

*Consumer Suggestion: Robert is absolutely right!

*Consumer Comment: Who took advantage of who?

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I would like to inform all Bank of America users and non-users to be alert of this banks corruption. I had an incident where I had an overdraft occur. The bank had charged me a $35 overdraft fee for a check that I had cleared. However, I went over only .32 cents. The bank had pending transactions on my account so I decided to go to the bank and deposit cash to cover the remaining balances. Unfortantely, eventhough I deposited the cash into my account the day before the charges occured they processed my deposit after the pending fees the following day. All of the pending transactions caused my account to overdraft several of times and I was charged a total of $105. $105 for only .32 cents overdraft. I have been banking with them for over three years and they litterally would not do anything in my favor. This company is completely unfair and unscrupulous. If you want fair business DO NOT Bank with BANK OF AMERICA. Unless you want to waste your time with their inconsiderate employees who opperate according to their company' unfair policies and unless you would like to be penalized for petty transactions. I would recommend SunTrust, Wamu, or BB&T but certainly not Wachovia or Bank of America.

Atlanta, Georgia

This report was posted on Ripoff Report on 08/01/2009 09:59 AM and is a permanent record located here: http://www.ripoffreport.com/reports/bank-of-america/east-point-georgia-30331/bank-of-america-took-advantage-of-their-overdraft-policy-overcharged-my-account-with-their-475534. 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: Vaporize - (U.S.A.)

your at fault, deal with it. You need to keep a written record of all transactions. Like it was said, .01 cent overdraft, is still 35 dollars. Deal with it, stop complaining, this is not a ripoff, if anything you ripped of BofA with your reckless spending!!!
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#2 Consumer Comment


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

Juan, you had me cracking up. The banks you listed - have you looked on ROR for their complaints? Do any of the complaints sound familiar? They should because all banks are the same - as Robert indicated. The MINUTE the pending transactions were on the account - it was WAY TOO LATE for you. Those overdrafts were yours and no deposit to the bank would have fixed that!

It's also irrelevant as to how much you overdraft the account - it could be $0.01 and it would not matter. OD fees are a penalty for people who can't properly look after their accounts. You need to:

1. Keep an accurate register with your transactions in it so you know what your balance is at all times.

2. Stop using the online system as a substitute for a check register; it isn't a register and was not designed to replace your register.

3. Stop using a debit card. Stick to checks and cash.

There is a lesson here for you. Learn from it.
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#3 Consumer Suggestion

Robert is absolutely right!

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

All that Robert said is absolutely true....however I would empasize keeping an 'up-to-date' bank register, so you'll know EXACTLY what you have, and then not being even $.01 short!!!
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#4 Consumer Comment

Who took advantage of who?

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

Sorry if this sounds rough but you overdrafted your account...Case Closed. They would have done the same thing if it was $0.01 or $100. You can't beat money back to the bank, so if you put money in to try and cover your "pending transactions" you were already too late.

By the way all banks are the same, and the ones you mentioned would do the EXACT same thing. The best thing you can do is manage your account properly. This includes knowing your banks funds availability policy, using a register to write down transactions as you make them, and never spend more than you have available at the time you swipe your card or write the check.
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