On September 28 around 11P.M. I checked my business and personal accounts online and all was well, there were pending transactions but I had enough money to cover it. When I woke up on September 29 I found a $800 withdrawal from my personal checking account and a $502 withdrawal from my business account. The $800 and the $502 withdrawals put me in the negative on both accounts causing 7 overdraft fees on my personal account and 5 overdraft fees on my business account (each overdraft fee is $35). So I called Bank Of America to inquire about these transactions and asked why they didn't show up the previous night when I checked my accounts online. They informed me that the $800 and the $502 withdrawal were what BOA likes to call an offset. Which means because I was delinquent on a BUSINESS CREDIT CARD I had with Bank of America, that they were allowed to go into my PERSONAL account and my business account and take the money out without my prior knowledge to pay my BUSINESS CREDIT CARD (they said if they would of informed me that they were going to take the money that I would have probably withdrawn it and thats why they didn't inform me). Keep in mind I had pending charges showing on Sept. 28 2008 on my account that also cleared on the 29th, but what BOA did, was when they processed the pending transaction, they took their money out first ($800/$502) and allowed the rest of the transactions to overdraft the accounts. There is no way this can be legal. They saw the other transactions were pending but yet they take $800 from my personal account allowing 7 other transactions to go into an overdraft state. Another thing to remember is that this was a Business matter, but because they had my personal account information they debited my personal account to. I am trying to find a lawyer to take on this case. It just seems like BOA is so big that they can do whatever they want to whomever they want. We (the consumer) need to stand up to this company and find a laywer that will take on these cases. I've read the reports on here and I'm not the only one that has had these issues with this Bank.
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