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Report: #1241024

Complaint Review: Bank of America - Nationwide

  • Submitted:
  • Updated:
  • Reported By: Paul — Beaumont California USA
  • Author Not Confirmed What's this?
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  • Bank of America Nationwide USA

Bank of America Froze Assets and withdrawals after 4 years Nationwide

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I have been transferring money back and forth between my checking and savings for over 4 years. Just recently the bank froze my account from any withdrawals because they realized (and I had forgotten) that the original account was opened as a Coogan account. When the savings accounts showed up on my online banking account I for some reason thought that they were converted to savings accounts. Well the last deposits I made were in total of $10K. Only about $15 dollars was deposited in my daughters name from one acting gig. Is there anything I can do to withdraw the money that is rightfully mine because I had been transferring in and out several thousands of dollars at a time and now all of a sudden Bank of America put a stop to it. 

This report was posted on Ripoff Report on 07/10/2015 10:53 AM and is a permanent record located here: https://www.ripoffreport.com/reports/bank-of-america/nationwide/bank-of-america-froze-assets-and-withdrawals-after-4-years-nationwide-1241024. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 General Comment

Solution...

AUTHOR: Striderq - (USA)

POSTED: Friday, July 24, 2015

Wait until BOA sends you the money and then open an account in another bank. When you get the account(s), make sure you only use them the way their supposed to be used. Do NOT run your money through the Coogan account of your child. It's sure to raise red flags at the bank. By the way, you might want to keep all related paperwork for deposits and transfers, because the IRS will probably come asking questions and asking for taxes from your child on the money that went through their account.

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