I have read alot of rebuttals on this topic and it's just so funny when the rebuttals are the same as what the bank tells you if you complain. It is so obviously people who work for or benefit from this ploy in one way or the other. Telling me to not write checks over my account balance is great advice. That is really good stuff. I would even rank it as important as telling me to set my alarm to my house so burglars don't walk in and steal my stuff. It's a shame though when the burglar works for the alarm company or are the same people. Anyone who gives such advice does not understand the problem, does not care to or I have to believe is benefiting from this ploy in the way of stock or some other financial way.
There is often latency between the "pending period" and when they actually take the money out of your account. Bank of America will benefit from it by joggling your transactions from the highest transaction to the lowest transaction if you go over your balance. This is regardless of when you created the transaction.
This is very prevalent with ATM or bank card transactions. The purpose of which is solely to generate as many over draft fees as possible. Not going over your balance would DEFINATELY prevent this issue from occurring but that is what over draft protection is for right? Cover up the overage right? So that's not the issue!
I do not have any problem paying an overage fee! BOA or some rebuttals will make it seem as though that's the issue but its not! The issue is you wind up paying excessive fees because of how they deduct the money from your account! When they could have just taken these transactions out in the order in which they were made or taken them out from the smallest to the highest amount so you BOA would not have to charge me so many overdraft fees.
Is this rocket science? That cannot possibly benefit anyone other than the bank! It is a gimmick! It's a cheesy ploy. I would NEVER advise anyone to get an account with BOA where you are only a number.
I have also read some rebuttals that claim BOA would work with you on issues like this but I am here to testify that they don't. What I got was an ATM register to help me better manage my ATM transactions. It sounds eerily similar to rebuttal statements from customers like me that say do not expect BOA to do your accounting.
BOA does not work with anyone to return these excessive fees as some rebuttals claim. I have tried this many times and I am also a veteran customer of Bank of America. I was using Online Banking when it was only available with special software that dialed-up Bank of America to retrieve your account information. Until recently I NEVER had this kind of a problem with Bank of America. Your "Terms and Conditions" only cover you legally. Apparently that's all you care about.
Ridiculing my poor accounting skills again may satisfy BOA but you are still stealing money from your customers. It may be legal but it's ethically wrong I think. You are obviously not worried about losing the little people. To me you are like the alarm company who hired the burglar to go to the homes of those who refused to get your service. If you have a constructive rebuttal I will be glad to hear it.
Ever heard of Legal Scam?
0 comments