Bank Of America
Deposits Held and Debits Posted First, Causing Overdrafts
- 06-19-2008
- 6
We've been banking at Bank of America for the past year. I am a Tax Accountant and my partner is a Mortgage Broker. We've never had problems with our accounts until my partner became unemployed and his benefits started to be directly deposited into our checking account.
Since then, they have been holding deposits and posting the debits first, causing an enormous amount of overdrafts. The overdrafts are always three at a time which is also suspicious. They have also been holding funds from checks that are drawn from Bank of America subsidiaries which makes no sense at all.
We have contacted the Better Business Bureau and the Maine State Attorney Generals office regarding these new events. We are willing join or file an investigation and a class-action suit if anyone is interested and has similar problems.
After reading many of these complaints, it seems there is more to this that I thought. Please contact us if you wish to file a suit together.
Needless to say, we will never do business with Bank of America or its subsidiaries again.
Company: Bank Of America
Country: USA
State: Maine
City: Brunswick
Phone: 8004321000
Site: bankofamerica.com