Bank Of America
$62 Insufficient Funds Fee Charged on $31.77 Overdraft

I have used Bank of America for the past 15 years. I have often been unpleased with the organization, but I have so many direct deposits and withdrawals, I've always decided just to tough it out.

According to the mountains of junk mail I receive from BofA regularly, I am considered one of their most valuable customers — blah, blah, blah.

So — imagine my surprise today when I opened a notice from them (July 14) that, because of electronic debits that exceeded my July 7 balance by $31.77, they were automatically deducting an insufficient funds fee of $62 on July 8.

Hmmmmmmmmm — I'm not a math whiz, but isn't that about a 200% charge?

And, didn't I read something in the papers in the recent past about banks being sued because outrageous overdraft charges?

Well, where do I sign up?

Company: Bank Of America
Country: USA
State: California
City: San Francisco
Address: 2325 Noriega Street
Phone: 6506154700

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