BANK OF AMERICA RIPOFF OVERDRAFT FEES NATIONWIDE

BOA has allready been convicted of taking debits before deposits and payed fines for doing so.

If in fact you had a pending deposit posting at Midnight, there normal posting, they were required to take the deposit first, then the debits. All should have been in the midnight run and they ARE REQUIRED to take the deposit first.

Now what day did you tell them you and your employees could have their money. Even if it was there pending if it had a release date of the next day BOA was justified. Probably not what you wanted to hear.

But seems how you state the deposit posted at Midnight the same day seems to me they violated the deposit before debit rules again.

David, call BOA very nicely and ask them to credit some of those. Unless you have allready called and been nasty, they they probably won't.

They have waived a few wire transfer fees for me, can't say I have ever overdrafted. I also use online banking and balance almost daily. Great tool when used correctly. To merely log in and check your balance then go spending away with no regard to how much you TRUELY had in there was on you. You have to log in and balance to know TRUELY how much you have in there.

If you ask them nicely I am sure they will waive some of them.

BOA has allready been convicted of taking debits before deposits and payed fines for doing so.

If in fact you had a pending deposit posting at Midnight, there normal posting, they were required to take the deposit first, then the debits. All should have been in the midnight run and they ARE REQUIRED to take the deposit first.

Now what day did you tell them you and your employees could have their money. Even if it was there pending if it had a release date of the next day BOA was justified. Probably not what you wanted to hear.

But seems how you state the deposit posted at Midnight the same day seems to me they violated the deposit before debit rules again.

David, call BOA very nicely and ask them to credit some of those. Unless you have allready called and been nasty, they they probably won't.

They have waived a few wire transfer fees for me, can't say I have ever overdrafted. I also use online banking and balance almost daily. Great tool when used correctly. To merely log in and check your balance then go spending away with no regard to how much you TRUELY had in there was on you. You have to log in and balance to know TRUELY how much you have in there.

If you ask them nicely I am sure they will waive some of them.

BOA has allready been convicted of taking debits before deposits and payed fines for doing so.

If in fact you had a pending deposit posting at Midnight, there normal posting, they were required to take the deposit first, then the debits. All should have been in the midnight run and they ARE REQUIRED to take the deposit first.

Now what day did you tell them you and your employees could have their money. Even if it was there pending if it had a release date of the next day BOA was justified. Probably not what you wanted to hear.

But seems how you state the deposit posted at Midnight the same day seems to me they violated the deposit before debit rules again.

David, call BOA very nicely and ask them to credit some of those. Unless you have allready called and been nasty, they they probably won't.

They have waived a few wire transfer fees for me, can't say I have ever overdrafted. I also use online banking and balance almost daily. Great tool when used correctly. To merely log in and check your balance then go spending away with no regard to how much you TRUELY had in there was on you. You have to log in and balance to know TRUELY how much you have in there.

If you ask them nicely I am sure they will waive some of them.

BOA has allready been convicted of taking debits before deposits and payed fines for doing so.

If in fact you had a pending deposit posting at Midnight, there normal posting, they were required to take the deposit first, then the debits. All should have been in the midnight run and they ARE REQUIRED to take the deposit first.

Now what day did you tell them you and your employees could have their money. Even if it was there pending if it had a release date of the next day BOA was justified. Probably not what you wanted to hear.

But seems how you state the deposit posted at Midnight the same day seems to me they violated the deposit before debit rules again.

David, call BOA very nicely and ask them to credit some of those. Unless you have allready called and been nasty, they they probably won't.

They have waived a few wire transfer fees for me, can't say I have ever overdrafted. I also use online banking and balance almost daily. Great tool when used correctly. To merely log in and check your balance then go spending away with no regard to how much you TRUELY had in there was on you. You have to log in and balance to know TRUELY how much you have in there.

If you ask them nicely I am sure they will waive some of them.

I am one who doesn't like to complain, but BOA is criminal in the way take fees. I am the one responsible for sending the EFT of all my company payroll to the bank. Last week I sent the payroll(including mine) to BOA electronicly. That very same day I had a draft scheduled out of my account for car insurance. I had 3 dollars in my account, so at lunch time I went to 7-11 and bought a drink for $.69. The next day I had 2 $34.00 fees and an available balance of over $1500.00 dollars.

Seem BOA cleared the Insurance draft first, bounced it and paid it anyway, bounced the $.69 drink from 7-11 and then applied the electronic deposit after midnight. That way it looks as if the Insurance draft and the drink were cleared one day and the deposit was made the next. What kind of crap is that? To all of you stupid people who try to defend this kind of crap, you are just being stupid. If they can clear and debit card punch the same day, the can sure as hell deposit and electronic check the same day, I know it was there I sent it myself.

I guess that statement sums it up in whole. Instead of taking the responsibility to monitor there accounts (i.e. check register) customers expect the bank to know everything they have done (now they are mind readers) and police there transactions. The bottom line is, it is time for the customer to take responsibility for keeping there account straight. Instead they want the bank to act as big brother and do it for them (although, they don't want it for anything else). The bank, automated or in person, does not know everything you do, they cannot see you writing the checks or authorizing auto debits. Although they can sometimes see debit card transactions (you can too, through their online accessremember the commercial where the two men are at the coffee shop, one has there acct. up online and tells the other to watch while he purchases coffeeit showed immediately) there are times when they cannot, gas stations; hotels; car rental; restaurants, basically anywhere the amount can vary from the original charge and final charge (gas, additional lodging charges, tips, etc.). So it is the customers responsibility to keep track, that way they know the purchases for gas was $31.00 not a $1.00 and their balance is not $40.00 its, $10.00 (sub. Difference from hold $1.00 and charge $31.00) and if they make $40.00 worth of $1.00 charges, they should expect an od/nsf fee on 30 of them. Yes, I too agree the charges are a ridiculous amount, which is why I keep a check register and utilize the online banking, if I see online has $40.00, but I have $10.00, I check to see what has not posted and go from there. I have two suggestions on ways to help prevent this (both of which I myself have used), one put a sticky note on your debit card, write on it, everything you charge and put it in the register at the end of the night, or keep a running balance on the sticky note. Another, as was stated earlier, to withdraw the balance in cash, once it is gone, you are done. Hope these suggestions help. P.S. No, I do not work at BofA (I have already been accused of working for Citibank, CIC Credit Monitoring, Kroger, Wachovia, and a slough of otherI must be a busy girl), just offering my experiences and suggestions.

So David they should have denied the charges right? Then you would be on here complaining about how you were out of gas somewhere and the evil bank denied your charge cause you don't have the money in the account. You can't have it both ways.

It's very simple, either keep better track of your balance or get some type of overdraft protection which 100% of banks offer.

This really isn't that complicated. The BANK knew I didn't have the money because they verify it when the transaction goes through. The BANK allowed me to overdrwa funds and then charged me for doing so.

The BANK did not allow me to make a $200 purchase in this same time frame, but DID allow me to make a $7 purchase.

NO, it is not my fault that the BANK auhorized the transaction. the account balance is 0 or less in REAL TIME the banks computer should be able to figure it out, nes pas?

IN FACT IT CAN AS EVIDENCED BY THE FACT THAT THE ATTEMPTED CHARGE FOR $200 WAS DENIED AND YET AFTER THAT, THE $7 WAS ACCEPTED.

All of you Bank of America lovers out there are right that I should be a better bookkeeper. HOWEVER, the BofA's poolicies are also in error: if you use a VISA CHECK CARD and the bank KNOWS you are overdrawn then they SHOULD NOT AUTHORIZE THE CHARGE. Period. There is really no economic justification for any sort of charge - the transaction verificaton dos not cost any more than an attempted VISA creidt card transaction. If my VISA is max-ed out on the other hand, I am charged $0.000000000. Why is this so hard for you to understand?

Banks want you to think that the "check card" is safe because it won't let you spend money you don't have. Actually they will approve charges for money you don't have in order to get more fees. This happens at almost every bank. Some of it is due to technical limitations of how check cards work but most of it is outright greed.

A lot of people hand a check card to the cashier saying "let's see if this goes thru." Well even with a balance that's already negative, it almost always WILL go thru, the store will get their money and the customer will get a big fee. The banks play a numbers game to front a little money and basically make a VERY expensive loan.

No matter which bank you use, keep track of your balance with a register book. Do not trust any online balance reported by the bank because you don't know what it includes. Do not use a check card when your balance is low. Get cash out of the ATM and quit spending when you run out of cash.

Dave, think about it. BOA payed overdrafts on your behalf. They charged you a fee (although exorbitant) they made the payments as a courtesy. Had they refused the payments they would have charged you a fee (NSF), you would have then received additional fees from the merchant if checks were written.

The key is maintaining your checkbook register. Record everything and don't forget merchant and other bank ATM fees. One fee can put you overdrawn if you forget it. Don't spend your paycheck until you KNOW it has cleared. Banks make "journal entries" regarding deposits. They will show as in your balance and make you believe they are available as funds.

THE BANK >AUTHORIZED

THE BANK >AUTHORIZED

THE BANK >AUTHORIZED

The posting dates of items are based on the merchants. Bank of America does not decide when an items post, the item post once the merchant send paperwork as proof that you've made those purchases. Also, have you ever seen a $1.00 purchase to ExxonMobil when you know you spent $20.00. The bank doesn't know what you spent because you use your card before you make the purchase so while you think your balance is going to include everything it never does. Also, BOA will only keep items in a pending status for 3 business days, if the merchant takes 4 business days to send in paperwork for a $20.00 charge that $20.00 will be placed back into your account for that extra day the merchant took to take their funds.

Tehe on-line balance does not show every transaction until it clears the bank. This can easily take up to a couple of days or longer if it is a check.

Obviously from your post you aren't questioning the charge that caused the problem. You need to maintain your own check register because I have seen transactions take up to 2 weeks to clear the bank.

The bank is not at fault because you did not keep track of your transactions.