Bank of America charges me overdraft fees on pending charges in my account... Even though I had pleanty of funds in my account to cover the withdrawals. When I contacted "Customer Service" they explained that the fees were legal based on their policies. So, if you put it in writing that you are going to take advantage of someone... It's okay?
B of A went on to explain that there were authorized charges being held against my account, which is why these charges were legitimate. When I asked why I couldn't see those authorized charges prior to them being accessed they explained they have a system problem that doesn't allow you to see these fees. Isn't that convenient.
Bottom line is that my account was never OD... B of A even admitted this to me. According to them this is a timing issue. They "held" authorized charges that were going to be posting to my account prior to me making a deposit—even though they were both on the same day. I knew these charges would be coming out which is why I deposited money... Duh. I'm not an idiot and I know how a checking account works. I'm an educated individual with a good job and I don't appreciate being taken advantage of. Apparently B of A didn't get enough of our money from the TARP and now need to invent ways to overdraw peoples accounts in order to get additional income.
Bottom line is that B of A is unethical in this practice. Not that anyone at B of A cares, but I will be closing my bank account. I'm just a lowely working fool who doesn't mean crap to B of A however I refuse to let this type of mismanaged, financial giant take advantage of me any longer.in addition, I will be filing a complaint with the banking regualtors as well as my elected officials. The $70 I was charged isn't the issue to me at this point, its the fact that this type of unethical behavior is practiced. At some point someone will have to take all the individual claims against B of A seriously and hopefully will do something about it.
Word of warning... Don't bank with Bank of America.
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