Bank Of America rip off,money grubbing,selfish,fraud,switching around transactions,multiple overdraft charges Miami Lakes, Florida

Your mom knew she overdrafted and would be charged a fee. So she must have overdraft protection..otherwise the LAST transaction should have been declined due to insufficient funds. And your mom was willing to pay the fee..although agreed 35 dollars for going over a penny is beyond loan shark rates..after all what is overdraft protection but a short term loan..right? But the bank must have somehow "created" an overdraft before the battery was purchased..otherwise how could the be overdraft fees before the purchase of the battery?

The bank manipulated transactions and re-sequenced transactions that had the funds at time of purchase..and due to this manipulation..was able to charge fees in ADDITION to the legitimate overdraft fee...so how is this legal or ethical? Apparently the bank think this is legal or they would not be doing this...and of course the best way to avoid these fees is not to overdraft..or not use a bank that engages in this practice.

However, that won't change the fact that people overdraft..be it out of carelessness, a mistake on their register, an unexpected electronic auto fee comes in, fraud, or out of necessity such as happened in you moms case. But the "punishment" didn't fit the "crime"..if you consider overdrafting when you have overdraft protection a crime. I declined overdraft protection which is an option you can do..so now if I have an error in my accounting, my debit card is declined at the point of sale or ATM..and that to me is the best form of overdraft protection..and it prevents a single overdraft from the bank charging 35 dollars for a cup of coffee. And it prevents me from spending money I do not have when my online account may be unrelaible and inaccurate when the bank "holds" transactions.

Some of us would like the bank to stop this practice..especially the hardship it is causing many during an economic crisis..where young, poor and people on disability and SS or other fixed incomes are more vunerable to overdrafting...and believe me the banks are aware as they profit BILLIONS off this scheme.

If you would like to participate in an "investigation" regarding this practice google  "Finkelstein Thompson LLP" .

Finkelstein Thompson LLP is currently investigating claims that several banking institutions are systematically re-sequencing their customer's checking and electronic debit transactions from the highest to lowest dollar amount instead of posting the transactions in the order in which they were actually received.  It is alleged that the practice of re-sequencing electronic debits from largest to smallest maximizes the bank's profits from overdraft fees by putting the customers' accounts into a negative balance as quickly as possible.  Many customers claim they had sufficient funds in their accounts to cover the transactions when they made the purchase and when the bank authorized the charges. 

It is alleged that some banks, are in violation of 12 U.S.C. 4303(b)(1) for their failure to disclose that the condition precedent of a pre-existing overdraft could cause the assessment of additional overdraft fees.  Instead, the banks have been lying to consumers that the condition precedent was insufficient funds.

  {The true reason why you were assessed the additional overdraft fees that you did NOT cause is because you actually had a pre-existing overdraft in your account that the bank used to manipulate your account to create additional overdraft fees by a creative accounting practice}.

{The bank then falsely accused you of being at fault for the additional overdrafts you didnt cause by lying to you about having insufficient funds in your account.  In fact, without the pre-existing overdraft(s) in your account (condition precedent), it would have been IMPOSSIBLE for the banks creative accounting practice to have assessed additional overdraft fees against you that you did not create}.

{That is why the bank engages in tactics to make you overdraft your account. For example, the bank will not immediately post your correct available balance or the bank will drop a hold on your account to only apply it later to make you believe you have more available funds in your account then you do. The bank will also split two pre-existing overdrafts created on the same date so it can create additional overdraft fees on two different posting dates instead of one}.

MANIPULATION POEM

Ok, your Mom rips off the bank so they can pay for something she doesn't have the money for, they call her on it, and then you get mad?   Oh my.  Where does this entitlement attitude come from??!!  She KNOWINGLY ripped them off, and THEY are the ones ripping you off?  Its stunts like what your Mom pulled that make the price of things go up for everyone else, including banking fees.  Try honesty the next time. 

USA POEM