bank of america bank of america is a RIP OFF, Internet

You can type in 284134 at this website and read what is posted in Consumer Comment #1 at Ripoff Report #284134 for important information. Here is part of what was stated in that consumer comment-

Quote: "The BIGGEST RIPOFF in the History of the USA is happening RIGHT NOW, and most cannot even see it!!!" - November 13, 2007.

Ten months later, in September of 2008, the stock market crashed and the banking system in the USA melted down. Lehman Brothers collapsed and several other large corporations were on the verge of collapsing including General Motors, Chrysler, AIG, Fannie Mae, and Freddie Mac. The American people were forced to bail-out the failed system with hundreds of billions of dollars in taxpayer's money from the TARP. You can 'Google' this- FRONTLINE: INSIDE THE MELTDOWN, and watch that documentary on the web for proof.

Conclusion: The above quote came true.

WELCOME TO THE UNITED STATES OF AMERICA- ONE BIG LIE THAT IS BEING EXPOSED ON THE INTERNET EVERY DAY 

Did you know that the BIGGEST LIE in the history of the world was exposed on the internet on May 31, 2008 at 9:13 PM?

You can 'Google' this- ALL READER COMMENTS BUSINESSWEEK MELISSA WOODS, and click on the BusinessWeek link and read the comment that was posted on May 31, 2008 at 9:13 PM for proof. (The comment is currently listed on 'Page 10'.)

Fact: Four months later, in September of 2008, the stock market crashed and the financial system in the USA collapsed. On September 29, 2008, the Dow Jones lost a record 777 points and the American people were forced to bail-out the failed banking system and several large Wall Street firms with hundreds of billions of dollars in taxpayer's money from the TARP.

You can 'Google' this- FRONTLINE: INSIDE THE MELTDOWN, and watch that documentary on the web for proof.

Conclusion: What was posted in that comment on May 31, 2008 at 9:13 PM is no longer a theory. It is a fact.

Have a wonderful day!

POEM FOR FRANCE

Looks like one of your leaders
Wasn't wearing his pants
So I thought I'd sit down
And write a poem for France
He was standing there naked
In his nice hotel room
She was told to go clean it
Had her mop and a broom
Things were looking quite dirty
She decided to run
He said- I'm gonna getcha!
And we'll have lotsa fun
Guess this poem is over
Time to watch Hines Ward dance
IMF chief arrested
Wasn't wearing his pants.

End.

Anyone can 'Google' this- IMF CHIEF 'CAUGHT WITH PANTS DOWN', and read the related articles on the web.

Thank You

"Knowledge is power."

POWER TO THE PEOPLE

'I' 'M' 'F' POEM

'I'gnorant 'M'oron 'F'reak
Naked in his room
Grabbed the hotel maid
His days are filled with gloom
Soon he was arrested
It's all over the web
Tell Charlie, Jan and Cindy
Text Peter, Sue and Deb
I guess this poem's over
Give that jerk a broom
Then take away his suit
Put him in striped costume!

End.

Anyone can 'Google' this- DOMINIQUE STRAUSS-KAHN MANAGING DIRECTOR OF IMF ARRESTED OVER ALLEGED SEXUAL ASSAULT, and read the related articles on the web.

Don't forget to 'Google' this- WHO CONTROLS THE UNITED STATES ECONOMY BY MAJORITY 2010, and see that Dominique Strauss-Kahn appears at around 1 minute 43 seconds into that video.

Thank You

"Knowledge is power."

POWER TO THE PEOPLE

PORN POEM

SEC lawyers
Surfing for porn
Go to work weekdays
Rise every morn
Make lots of money
One giant scam
Can't trust the big-shots
Tell Cindy and Sam
Porn poem is over
Our country's a lie
Tensions are building
Gas prices too high.

End.

Anyone can 'Google' this- SEC LAWYERS IN DENVER BUSTED FOR LOOKING AT PORN 9NEWS, and read the article and watch the video on the web.

Thank You

MUCH OF THE COUNTRY AFLOAT, the Americans must not be able to see!

...there is a way to help you without innuendo that you are a child or lack adult responsibility.

I also agree if you don't spend more then is in the account..assuming to never make a mistake (no one ever makes a mistake..right?)..and assuming no fraudulent activity ever happens..you would be fairly protected against incurring any overdraft fees. Now that the OBVIOUS is out of the way...lets discuss what is sometimes NOT so obvious....the banks part in all this.

Technically..the bank is not "stealing" you money..but there is no doubt they are using less then ethical tactics to maximize fees. And they do this by using the same policies from back when everyone used checks..before online statements..and before debit cards became the "norm".

Re-sequncing had a legitimate place as a policie back in the days of the dinosaurs when checks were used mostly for larger transactions...such as your mortgage, rent, car payment etc....before the days of INSTANT electronic payments..and using a debit card for many smaller purchases.

In the OLD days...the purpose of re-sequencing as described by the banks..was to protect the largest payment..which is assumed to be the most important. So if you were careless...at least the mortgage check would clear. Since most checks were used for larger transactions..chances are after one or 2 overdrafts..that you would reach the limit..and any checks after that point were either returned NSF..or re-deposited in hopes the funds would be there.

Nowadays..it works quite differently. What happens is if you overdraft..the bank processes the largest transaction first..which quickly bring the account into overdraft. So even though all the smaller purchases that were made did have the funds available at the time of the transactions..if not for the banks re-sequencing..you would not have had all the additional fees for those transactions. And you are correct when you state this is how the bank GUARANTEES you will have overdraft fees.

Since you are now aware of how this works...I am sure you realize what you need to do to protect yourself from any further fleecing by this bank.

There are some policy changes going into effect..some already have due to all the complants that may better help protect your money..which I would assume we expected the banks to do in the first place.

If you do a google search for "Bank of America overdraft policy changes" and read the most recent articles..you may find there are now options and better polices in place. So apparently the banks may have realized they needed to change some policies for a good reason.

Since BofA will no longer FORCE you into automatic courtesy overdraft protection...you might want to consider opting out. Now this does not take the place of you being careful with your spending..but it is a very effective safeguard. Once you opt out...the card will be declined at any point of sale..and any ATM if the funds are "truly" not available...hence a defense against one of the many tactics the banks have been using to yield over 38.5 BILLION dollars in these types of fees in 09 alone..(read the FDIC report for more info).

As well, I opted out because I do not use check..I do not have a mortgage, I keep a low balance in my checking account...so I feel if the card is declined if when the balance reaches zero....that it will better protect my account from unauthorized use..or error. Otherwise as witnessed..the bank will continue to allow the card to be used well after there are no more funds..and do nothing to warn you the account may be in danger. I will add that some banks are adopting a policy where they will warn you if approaching overdraft..like your credit cards do...and I have noticed once one bank adopts a new policy..they all tend to follow suit..at least the ones that want more customers if the policy is for the customer and not against.

Best of luck.

I cannot believe how many people, supposed adults, on this site float checks, charges and them claim the banks are scamming them.

What does it matter what order they put your charges through?  If you have $100, you only spend $100 and if you have $1,000, you only spend $1,000.  Once it's gone, it's gone. 

They are not stealing your money.  You are choosing to spend money you don't have.  If you don't get paid until Friday, don't spend your money until Friday.