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Report: #456871

Complaint Review: Bank Of America - Princeton New Jersey

  • Submitted:
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  • Reported By: princeton jct New Jersey
  • Author Confirmed What's this?
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  • Bank Of America bank of america.com Princeton, New Jersey U.S.A.

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Yesterday, I had my whole paycheck in my checking account. Today, I have none of it. In fact, I have $130 in overdraft charges. I went to withdraw money from an ATM and my account was depleted. I inquired with my bank as to why my balance was negative, and I was informed that there was a withdrawal in the amount of my entire balance, and then some by an outside agency, bankcard fnes.

My problem began when I opened a small business credit card account with BOA. When my business went under I struggled to make payments. I did the right thing by finding work, but I still fell behind in payments. So without notice BOA gave a collector "an outside agency" as I was told , the right to access my account and take my money! The bank officer said BOA has nothing to do with this and offered a toll free number that took me in circles with recordings, never to speak with anyone. How can they do this with out notifying me? I have kids to feed!

I have since learned that no matter what bank I open a new account with ,collectors can and will get into my account and take what ever they want.
I will have better luck keeping my money in a mason jar than in a bank. At least if I get robbed I can go to the police, BOA doesn't need a gun to steal it. So i will do as my father did many years ago and cash my checks and pay with cash avoiding banks.
Why are we not aware the companies have this right?

Debbie
princeton jct, New Jersey
U.S.A.

This report was posted on Ripoff Report on 05/30/2009 12:12 PM and is a permanent record located here: https://www.ripoffreport.com/reports/bank-of-america/princeton-new-jersey-08550/bank-of-america-boa-unauthorized-withdrawl-princeton-new-jersey-456871. 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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#3 Consumer Comment

DEBBIE, MILLIONS OF PEOPLE IN AMERICA WILL SOON.....

AUTHOR: Karl - (U.S.A.)

POSTED: Tuesday, June 02, 2009

learn that they can be served with something called- 'Interrogatories' from the courts, regarding Credit Card Accounts, and other loans that they may have had at some point, that went into default, similar to your situation.

Some of the banks will hire agencies to go after the people who owe money to them, as in your case, wouldn't you agree?

It's interesting that the BANKS are receiving BILLIONS of dollars in 'TARP' money, which is TAXPAYER'S money, but Americans are not getting much help at all, right? It's ironic that Americans are BAILING OUT- Bank of America, Citigroup, Wells Fargo, Goldman Sachs, AIG, GM, Chrysler......... and at the same time, many Americans aren't seeing much help at all, huh?

You should 'Google' this- THE OBAMA DECEPTION, and watch it on the web.

Then 'Google' this- INSIDE THE MELTDOWN, and watch that too!

WELCOME TO THE BIGGEST LIE ON EARTH- AMERICA: IN FRAUD WE TRUST!

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#2 Consumer Comment

I'm surprised that it went to a collections agency...

AUTHOR: Edgeman - (U.S.A.)

POSTED: Saturday, May 30, 2009

If your credit card and checking account were both at BofA, they should have just been able to seize the money under their right to offset.

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#1 Consumer Comment

How Is This The Bank's Fault??

AUTHOR: Jim - (U.S.A.)

POSTED: Saturday, May 30, 2009

You indicated the following:

"I have since learned that no matter what bank I open a new account with ,collectors can and will get into my account and take what ever they want."

If in fact the situation is such that if you get into debt and a collector can access any bank account you have, then how is it the bank's fault? To take it further, if the collector has your account number and ABA information (which the collector can get from the small business credit card you applied for), then how can the bank see their request for payment as anything other than a payment request from you? Banks don't give out your information because of liability issues they would be liable for, so I don't believe for a moment the bank gave out that information.

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