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Bank of America - how do I hate you? Let me count the ways.

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Bank of America - how do I hate you? Let me count the ways.

Old 01-03-2011, 07:44 PM
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Default Bank of America - how do I hate you? Let me count the ways.

The Vampire Squid of banks pulled a new trick on me. Because I travel a lot, I have everything set up on automatic deduction - or so I thought. I have a no-bounce account, which requires having a B of A Visa. That's fine, but as it turns out, if you don't use the card, they'll cancel it. And so they did, without any notice to me. But, I complained and they set me up with a nice new Visa account. That was in March.

Fast forward to November. The card still had the "call this number to activate" tape on it, so I figured I should activate and use it at least once a year. I bought something for about three hundred bucks and said all is well.

Wrong! It was no longer on auto deduct, so when they did not get the payment by the due date, they clipped me $40 in penalties and interest. But that's OK. What is NOT OK is that the bastards reported me as being 30 days late to Experian because of their own convoluted and stupid practices.

So, from me to Bank of America: UP YOURS!!!!!!!
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Old 01-03-2011, 07:46 PM
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Just try to cancel private mortgage insurance with them!!

I had to refinance just to drop PMI even though I was below 78% LTV
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Old 01-03-2011, 07:48 PM
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I left BOA a few months ago after my debit card was lost and they decided to give me a temp credit, then rescind the credit after they thought that I had made the charges that were not me.
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Old 01-03-2011, 07:52 PM
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Yeah, I hear you!!!

B of A is a necessary evil for us. They hold the mortgages on our house and one of our rentals...

They pulled the same crap with our VISA card. First, they kept begging us to get it, then they cancelled it w/o telling us due to "lack of use".

Wait until the ding shows up on your bureau (if it hasn't already) and then file a dispute over it. MOST of the time, the companies won't even bother responding and the item is dropped from the bureau. If they check into the dispute, and see that you are actually current, they usually won't respond within the required 30 days and it will be dropped as well.

Good luck!
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Old 01-03-2011, 08:19 PM
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Another unintended consequence of stupid politicians putting their hands where they shouldn't. The banks are trying every BS sneaky unethical way they can to raise profit because of rules set forth by Congress. The market will always outsmart the politicians but the problem is that the consumers lose, the market wins and the politicians don't give a rats a$$.
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Old 01-03-2011, 10:14 PM
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Many large banks are far more interested in what is happening with Wall Street than taking care of their customers. B of A's investment groups make their consumer activities look tiny by comparison. And why shouldn't they. They get to borrow for next to nothing and invest at whim. If it goes bad, so what, they don't have to pay it back, we do!

Money is currently defying gravity and is rising to the top faster than we can stop it. Soon enough, Wall Street - who's job it once was to invest in companies to allow then to grow. now only looks at how much cash they can accumulate and who they can buy to add to their little monopolies.
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Old 01-03-2011, 10:42 PM
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Sorry to hear of that Kerno. Don't even get me started on Capitol One or Citicard. When I finally get all my cc's paid off, I will never put a balance on another one unless it's a true emergency. These banks have gotten way out of control
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Old 01-03-2011, 10:43 PM
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I never understood why individuals would choose a commercial bank for their banking needs. No matter how big of an account you have, you're still not as important as the businesses that bank with them. They don't really care if you keep your money with them, as you are not as big of an account holder as you think you are with a commercial bank.

I also won't bank with any bank that charges me to allow them to use/borrow my money. It's MY money, if you want to borrow it to invest, don't have the audacity to charge me a fee to maintain your account of MY money.

Just sayin'...
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Old 01-04-2011, 04:00 AM
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A Credit Union or smaller local bank would be a good way to go.
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Old 01-04-2011, 04:13 AM
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I banked at Bank of America until a few years ago when they turned into Bank of Mexico.
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Old 01-04-2011, 05:01 AM
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I was considerring a backup account with them a few years back. Then they started al this nonsense to mess up their customers' lives, then that incident with a manager saying no US flags even on Memorial Day. Then one more thing, then one more thing...

I just don't trust them.
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Old 01-04-2011, 05:34 AM
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I used them a couple of years ago as a second account for my "internet" account. And by "internet", I mean an account in which I had a debit card that was used for internet purchases. I would put just enough money in the account to pay for purchases, that way if there ever was a breach of security and someone got my debit card info, they could only get a few dollars. Well, one time when we went out of town, I decided to use that debit card so I could track the purchases and feel safer using my card out of town. I stopped by the bank on the way out of town, after the 2 pm close of business day, but while they were still open, and deposited a large sum of cash in the account to cover the weekend.

I go out of town and use the debit card all weekend and all was good until I got the bill.....I had over $800 in over draft charges?? WTF?? I went and spoke with them and they said that if I read the 15 something page account paperwork they gave me when I signed up for the account that I would see they had a policy of ALL debits are taken from the account before ANY credits are made. Basically, since I made the deposit after 2 pm on Friday, even though it was cash, it was not debited to my account until Monday, after all the debits between 2 pm Friday and Monday were taken from my account. I told them to show me where it says that in the paperwork and it took them over 10 minutes to find it and they knew it was there and were looking for it...Total BS!!!!!!! So, like a dumb ass, I don't close the account and let the guy tell me how to keep it from happening in the future.....open up a saving account and they will transfer money into the account to cover all purchases and prevent overdraft fees. I say ok and open a saving account with a few hundred sitting in it (had to keep a minimum balance or of course there would be account fees). Bought a few things online that were more than my balance.....no problem I thought, they will just transfer the money from savings to cover the purchase. Get the statement and see a bunch of fees....WTF???? That's right, they did transfer the money, but transferred the exact amount to cover that single purchase and charged a "transfer" fee. No more B of A for me.......Suntrust may not be the best, but they are ALOT better !!!!!
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Old 01-04-2011, 06:11 AM
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I keep looking for the 666 in their logo.
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Old 01-04-2011, 06:15 AM
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I used them for a long time, but their service went straight to sh!t, so I left. Don't regret that one at all. I went to all local credit unions for all my accounts, which works pretty well. My business account is with Wachovia though, and I do regret doing that...should've stuck with the local banks. Wachovia is definitely MUCH better than BOA though.
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Old 01-04-2011, 06:21 AM
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Yep, B of A and Chase are a couple of bitches..
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Old 01-04-2011, 06:25 AM
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runabout reminded me about another reason. They evidently do the same thing with all their accounts. I remember getting some overdraft fees on my business checking account due to their underhanded, deceitful, sneaky, unethical crediting of deposits/debiting of checks policy.

They suc
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Old 01-04-2011, 09:42 AM
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Left them decades ago after giving them two chances. There were no computers back then and there were just too many human errors.

I guess computers are only as good as the humans who run them.
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Old 01-04-2011, 10:37 AM
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I had over $800 in over draft charges??

Playing devil's advocate here, why is it a bank is at fault when a consumer makes charges against funds that are yet to be credited to an account? Just askin ...

While I wouldn't begin to defend BAC (or my bank), I don't get overdraft charges because I don't make transactions dependent on deposits until I know the deposits have been credited ...
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Old 01-04-2011, 12:17 PM
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I'll jump on this bank-wagon. My mortgage refi was just sold to BofA. I pay significantly ALL of my bills on-line and when possible, set up recurring payments for things like insurance, mortgage, etc. So, I go to BofA's website and try to set up a recurring BillPay. Guess what? One can only make SINGLE payments on-line. You have to have a BofA checking or savings account to set up recurring payments? WTF? I need to log back in every F'in month to pay them on time?! Of course, they'll gladly set me up with a checking or savings account......but THAT AIN'T HAPPENING!

I also hear that they're going to start charging me to process my BillPay if they payments aren't made via a BofA account.....

Thanks to our government for allowing these goons to run amuck!
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Old 01-04-2011, 12:32 PM
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B of A and American Express,I avoid both.............................................. ....
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