Bank of America BOA, B of A Overdraft, Fee, Deceptive, Same Day Transaction Fee, Scam, Manipulative Costa Mesa, California

When the banking system was low on money, back in September of 2008, they had Ben Bernanke and Henry Paulson hold an emergency meeting with members of Congress. Shortly after the meeting Ben Bernanke was in control of $700 Billion in taxpayer's money, which was known as TARP (Troubled Asset Relief Program).

Mr. Bernanke and Mr. Paulson later decided to hand over $125 Billion, in one day, to the nine biggest banks, like Bank of America, JP Morgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and a few others.

These banks were obviously on the verge of collapsing, so the taxpayers of America were there to bail them out. It must be nice to know that the American people (taxpayers) were there to help these wonderful institutions that were all obviously on the verge of collapsing, wouldn't you agree?

Feel free to 'Google' this- FRONTLINE: INSIDE THE MELTDOWN, and watch it on the web for proof.

Then 'Google' the following nine videos and watch them on the web for additional information about the banking system and Wall Street-

1) FRONTLINE: MONEY, POWER AND WALL STREET

2) WHO CONTROLS THE UNITED STATES ECONOMY BY MAJORITY 2010

3) FULL SHOW: HOW BIG BANKS ARE REWRITING THE RULES OF OUR ECONOMY

4) WHO OWNS THE FED BANK, WHO CONTROLS WHO VIDEO

5) AMERICA: FREEDOM TO FASCISM

6) YOUTUBE FALL OF THE REPUBLIC

7) EX-SALT LAKE MAYOR ROCKY ANDERSON FORMER DEMOCRACY NOW

8) INDYMAC BOYS GET SWEETHEART DEAL

9) DID SPECULATION FUEL OIL PRICE SWINGS

Thank You

WELCOME TO AMERICA- OUR GOVERNMENT IS BEING CONTROLLED BY A CARTEL OF CORRUPT, GREEDY, AND INEPT BANKERS WHO ALSO CONTROL WALL STREET AND EVEN THE PRICE OF OIL

but you have the power to make sure you don't pay fees. Just have the money available in your account before you spend it via check or card. All banks not just BOA.

Good point. I should have just given my dad the $250 cash and have been done with it. I wanted a record of the transaction, so I wrote a check. The truth is, my rent wasn't due until June 1, 2012 and I was paying my bill early. If I was making good money like I did when the economy was stronger, I would have paid the fee and continued banking. But now, $35 to me is alot of money to lose.  

Always have money available in your account before you write a check or initiate a card based or online transaction!

The problem here is NOT the bank's fault.

YOU wrote a check for which you did not have the funds in your account to cover.

The days of floating checks is long gone.

And, MOST banks process checks and charges BEFOR deposits and credits in the same business day.

Your check would have still bounced even if you made it to the bank the same day, as it was most likely after the posting cut off time.

if you had the cash in your pocket to cover the check, why did you write the check? You should have just given your dad the cash and everything would have worked out just fine.

As far as closing your account at BOA, that's your choice. However, please understand that most/all banks have the same procedures so if you set up these same circumstances with your new bank you could be deciding to pay OD fees there.

"I did say the money wasn't in my account because I couldn't make it to my bank the night I wrote that check... I had the cash in my wallet to fund the check and was not trying to float a check."

Depositing funds to cover a check after it has been presented (or mailed) to the payee is the act of floating a check. You described exactly that.

is available at this website.

Just type in 502469 at this site and it appears as 'Consumer Comment #20' at Ripoff Report #502469.

Feel free to type in 411913 at this site and read Ripoff Report #411913 about the $120 Billion in 'secret life insurance policies' that many of the banks have taken out on their employees. Bank of America has $17 Billion in these policies and JP Morgan Chase has $11 Billion, according to information that is available on the web.

Anyone can 'Google' this- BANK EXECUTIVES PROFITING ON THE DEATH OF EMPLOYEES, and read the related articles on the web for proof.

Thank You

WELCOME TO THE PUBLICLY HELD BANKING SYSTEM IN AMERICA- WE RELY HEAVILY ON MANIPULATION AND DECEPTION IN ORDER TO MAKE OUR PROFITS, AND WE HAVE ALSO TAKEN OUT $120 BILLION IN SECRET LIFE INSURANCE POLICIES ON OUR CURRENT AND FORMER EMPLOYEES

I was a long time customer at that bank
- I think this is a first where the OP feels that they should have been allowed to overdraft the account because they are a "long time" customer.  Well perhaps you can help us out by posting the section of your agreement that gives this benefit to long time customers.

I had the cash in my wallet to fund the check and was not trying to float a check.
- Wrong.  ANYTIME you write a check and don't have the funds in the account at that time you are "floating" the funds.  This excuse sounds like people caught for shoplifting saying why would they shoplift when they have the cash in their wallet to pay for the item.  Oh and yes your situation is comparable to another crime because in some circumstances what you did could be considered check fraud.

I didn't expect it to process that quickly
- If you had the funds in the account it wouldn't matter.

To charge that fee for a same banking day transaction is ridiculous.
- If you think so then when you go to your next bank you better make sure how they handle the fees the way you want.

After talking to one teller and two personal bankers, the fee remained.
- That's interesting because most(but not all) of the time banks are generally forgiving on your first overdraft. Perhaps it is because you actually admitted you knew you didn't have the funds in the account at the time, or perhaps this is not your first overdraft situation.

I really hope you take this as a $35 lesson.  Where if you take nothing else from this, NEVER write a check, or use your debit card unless you currently have the funds available in the account.

I was a long time customer at that bank. Yes, I did say the money wasn't in my account because I couldn't make it to my bank the night I wrote that check to deposit cash to cover my check. It was after banking hours for BOTH banks. I had the cash in my wallet to fund the check and was not trying to float a check. I rarely write checks. I didn't expect it to process that quickly. To charge that fee for a same banking day transaction is ridiculous. After talking to one teller and two personal bankers, the fee remained. I paid the $250 and the $35 fee and closed the account out. I'm still out $35.00.

Your credibility goes out the window when you actually admit that you wrote a check when you didn't have the money in your account to cover it.  The fact is you relied on the float and there is NO float anymore.

Since Chase now scans the checks as they get deposited into the ATM it was most likely submitted electronically to BofA that night.   Perhaps you should write a RipOff report on Chase for submitting the check sooner than you wanted.  Perhaps you should write a RipOff report on your dad for not waiting until the next day.  Perhaps you should actually be upset at BofA for not returning your check NSF thus causing your father the fees.   If you don't like any of those options perhaps you should take a look in the mirror as to the actual person who is responsible for this situation.

Hopefully you will be more responsible in the future.  If not we will be here waiting on your ripoffreport from your next bank.