Bank Of America
Overdraft Protection Scam

Business & Finance

I enrolled in their keep the change savings scam so when I made my purchase of $5.95 it gave me a negative balance of $ 2.53 which I immediately covered with savings, which I did on line within that day but they posted it the following day. The same day, they already charge me $ 35.00 for overdraft protection fee.

When I emailed them regarding this matter, demanding that the charge be waived because it's not even 24 hours the negative balance 2.54 was incurred, they just told me that the overdraft protection was impose when the available balance is not sufficient...

I mean this bank will penalize you even if you have an overdraft of. 06. What has the banking law has to say about this?

This is bank has found a way of robbing people, legally.
Is there any hope for a common customer against this kind of scam?


Company: Bank Of America
Country: USA
State: Nationwide
Site: bankofamerica.com
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