So, apparently, the banking industry has made new rules to dick customers out of their money. It’s not enough that the bank holds all your money already. Now they want to keep some of it for good. So if you post-date a check by 2 days, your bank can still cash it and then charge you oodles and ooodles of money for “overdraft protection.” The date is simply unimportant to the honouring the check part. No matter that you have a history of clockwork deposits with them, and that you have an impeccable banking history eith them. No, they would rather risk losing a customer (yes, Bank of America you have lost 2 customers) because they make a couple of hundred bucks by not paying attention to the date. That’s just a racket, ffs.
Because, even though their”“software” doesn’t look at the date, it sure red-flags if you try to cash a check more than 6 months old. This from the “supervisor” on the other end of the line. So which is it? Does the “software” look at the date or not?
Honestly, this is stupid business practise, and I’m definitely taking my business elsewhere. Bank of America isn’t all the fluffy good neighbourly bullshit they try to sell themselves as. Bank of America is actually acting more like a petty thief. Goodwill actually does have a meaning, you know. You, Bank of America, could’ve let the thing to rest by not trying to tell me you’re doing me a service by returning me 4 out of 10 “overdraft” charges.
As far as I know, a legal signed and dated document is valid on and from the date of the signature (presumably with a reasonable limitation on its lifetime). Same for a check, if common sense would prevail instead of thievery. You sign and date a check, indicating its validity. I’m pretty pissed off with them at the moment, and I’m happy to talk about it. Had they done the honourable thing of apologising and returning the money to my account, this blog entry would have been full of praise.
Certainly the bank that does get my money will be. So far no complaints about the Bank of Oklahoma who has treated us with nothing but respect. We need local, unfortunately, for the everyday banking stuff, so we can’t be exclusive to them. Ah well. I’ll report back on the bank of choice in a few days. But for now, Bank of America is not my bank, they’re just a set of hoodlums.
mood: peeved at corporate greed, which apparently knows no bounds. flame away, people.
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5 Comments
I know you should now your balance but if your short they should not honor your debit card just got me for 35x3 day before my disability check posts and,even though I pay or they take the fees they now put my money on hold, yes b of a are the only bank in my life thats done this so on monday will take my banking elsewhere HMS
My son has been on the B of A robbery problem for months. Has been trying to close his account. B of A will not close it. Just keep charging. Went to see account manager with him yesterday. Their excuse is that it has to be zeroed out. No matter how much he feeds the account (without using it), can't get it to zero, because they keep adding robbery assessments. Perhaps, the citizens of the U.S. need to get this problem before the Congress.
Holy shit. This was what i was looking for. Ok, I predated a check to my landlords. I dated it for a day that my husbands money direct deposits into our bank. We would have definatly had the money to cover that check, Bofa allowed for that check to clear 4 days before the date of the check! I am pissed that they are allowed to do that! I'm with you on this for sure. Leagal documents consist of two things, date and signature. One without the other voids it completely! Once we have paid our fees we are soooooo done with them!
BANK OF AMERICA AND ALL THE OTHER BANKS SUCK.
BANK OF AMERICA IN HUNTINGTON BEACH CA. WILL NOT RELEASE MY HUSBANDS DISABILITY MONEY SO WE CAN USE IT TO PAY OUR RENT AND BUY FOOD.HE HAS LIVER FAILURE AND IS WAITING FOR A LIVER TRANSPLANT.HE REQUIRES A SPECIAL DIET AND LOW STRESS CARE.HES PROABLY GOING TO BE 911 SHORTLY BECAUSE OF THIS SITUATION.I AM GOING TO CALL CHANNEL 2 NEWS TO DO A STORY ON WAMU IN HUNTINGTON BEACH CA. AND ALSO B OF A IN HUNTINGTON BEACH.