FUCK Bank of America

P

Pull My Finger

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On the fucking 14th I put in 35 bucks to have my account +15. My online account at 5:00pm on the 14th stated that I had $15 in my checking account. I go online today and I am 97 DOLLARS in fucking debt. HOW? Good question. Obviously Bank of America puts there overdraft fees in whenever they feel like it, even though they apply it at midnight. SO thinking I have 15 bucks in my account I spend 7 at best buy to cover the warranty on the Xbox 360 I had to exchange (due to the red lights around start button.) So being as they took that 35 dollars from my account I was in fact 20 in the hole, thinking I have 8.

So that 7 bucks at Best Buy put me 27 dollars in debt. I then take out another 5 bucks for some eats thinking I was still okay, but that in fact put me back 32 bucks. But being as I got hit with an over draft fee each time, I am now 97 dollars in debt. FUCK BANK OF AMERICA.
 
Did you deposit that money by automated teller? Alot of banks have a hold time on money deposited at ATMs, which would mean that although the deposit time shows up correctly, it wasn't verified until after you made the other two withdrawals.

Even if the money is actually there when they check later, they can still get more money out of you by doing this.

I say either find another bank, or try not to run yourself so tight.
 
I hate that fucking bank. I've been using them for about.. a year and a half now, and they keep fucking me over, too. My online banking never matches my account when I check it at the ATM. Luckily I've got a friend whose mom works for the bank, so she helps sift through all the shit once in a while.

I've been telling myself to switch banks for a few months now, but I'm just too lazy, haha.
 
Clark Howard (Money-guy on Talk Radio) constantly bashes BoA for being unethical cheats.

Find a credit union or a smaller local bank. I've got a smallish local bank (They're expanding big time, though...) handling my moneyz.
 
If you're living check to check, or for whatever reason don't have some 'padding' in your account, you should keep at least a loose tally of what you spend and deposit when you use a check card. Kind of like balancing your checkbook, you know?

Also, most banks have phone access for checking balances and such. You should use this (I use mine all the time even though I keen a few grand in checking as 'padding' and for emergencies). Or just access their site with your phone if it's capable.

But yeah, Bank Of America sucks. HSBC, Capitol One and CitiBank are pretty good as far as banks go, and credit unions are usually pretty good.
 
Let me just forewarn EVERYONE. NEVER, EVER use a huge corporation for a bank. You are just a number. They don't give a fuck if you're happy, as long as they have your money + some. I made this mistake with Wells Fargo

I'm sorry, but if you're holding MY fucking money and I'm paying YOUR mortgage, then you should be kissing my mother fuckin' ass.

I suggest a credit union, where the customers own the bank. :thumbsup:
 
I've never had a problem with bofa. Maybe it's user error. If you don't keep track of your balance, and you think you have 8 bucks in there, maybe you shouldn't be going out to eat or paying for frivolous expenses (yes, a warranty on an xbox is a frivolous expense). Wait til you actually have some money before you buy these things.

It's your own fault if you end up overdraw, expect them to slam you with fees. That's how banks make most of their money, even the smaller, local ones and credit unions.
 
I had a problem with overdraft with Credit Union One. Was several hundred dollars in the hole, but a friend reversed it.
A couple of issues like that and I disabled overdraft. Best decision I've made in a while.
 
I went with Bank of America... I got screwed.

I went with Washington Mutual... I got screwed.

I went with Umpqua... I got screwed.

I went with Wells Fargo... they were actually pretty decent with me, but even they eventually screwed me.

I've never been able to do solid business with a "corporation" bank. Take DirtyBird's advice about joining a "localized" bank. Your balance will be dealt with in a MUCH more timely manner. The team is smaller so they put off the feel like they're working with you... not just you forking money into their machines/hands. And if you're well enough liked, they'll even usually call you and inform you if your balance is dangerously low or if you're about to cross over into the red.

And please, get rid of the "overdraft" option. That shit is what gave me bad credit. I was with Washington Mutual and I resettled my balance (or so I had thought). I also deposited some money for the instance that I might need it. I went out to Home Depot a few days later and picked up some work supplies (new gloves, plywood, roofing shingles, etc.), that came out to over 1,100 dollars. I paid $100 and wrote a check out for the other $1,026 (if I remember right). Well little to my knowledge, Washington Mutual had some "overdraft" checks that they "forgot" to tell me about. And they decided to deduct it from my account that same day, thereby abolishing the $1,050 I had deposited.

So, now instead of being $80 in the red as I had thought, imagine my shock the following week when I got my statement and it said I was over $1,100 in the hole! That was back in 2001 and I finally got that shit paid off recently, and it's been no fun. Anyway, enough of my tangent... and good luck with whatever you choose.
 
I think where the OP fucked up was that he put his money in on a Friday (the 14th). Most banking institutions dont make deposits available until the next business day, which in this case, would have been Monday, the 17th. And it appears he might have spent money over the weekend, causing the overdraft.

Edit: Scratch that, I re-read his post. Thats not what happened.
 
I have to echo this sentiment. When I was double charged for that tank of gas back in September, and Bank of America denied my charge dispute, I tried to deal directly with a branch and was given no help whatsoever.

Now that I've got a smaller bank as my financial institution, they can handle charge disputes in the branch, and I don't have to deal with some inept remote "Dispute Resolution Center" over 1,000 miles away.
 
Being as I don't pay rent or any bills other than my gas bill, and I had my xbox break after a year, no fault of my own, I don't see that as a frivolous expense. PLUS they showed me my balance was positive, that is the only reason I still purchased those "frivolous" items.

Well any way, this took away half of my weeks paycheck. I closing the account with them and I getting Navy Federal.
 
Localized banks generally have shitty interest rates. If you have any sort of reasonable savings, or CDs, then a company like Citibank or HSBC is a far superior choice.

But don't take my word for it, you may have different needs. Search around on the financial news sites and read the reviews and polls on different banks.
 
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