Bank Of America
Late Deposit Posting and Instant Debit Posting Cause Overdraft Fees

Bank of America continues to charge fees for their late deposit processing. The process is simple for them.

Deposits make on Friday do not appear on your account until Monday or Tuesday. (This applies to cash and checks) Any money that you spend using your debit card on the weekend is instantly posted, making you overdraw your account. BofA gets $35.00 for each transaction and you get the shaft.

This is not the first time that this has happened to me, it will be the last. Others here have reported the same rip-off!

Keep away from BofA. I will be moving the account this week.

Company: Bank Of America
Country: USA
State: Texas
City: Copperas Cove
Site: bankofamerica.com

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