Bank of America is refusing to release my income tax that was deposited on 1-30-09 they are claiming that the funds are on hold until my account is officially closed. They indicated the close date is April 27 and there is nothing that can be done about it. I have contacted the OCC and IRS both of these companies have stated that it is illegal for this bank to keep money that was deposited by the Federal Government.
This happened because I deposited a check on Dec 22 that come back NSF according to them on Jan 16 almost 30 days later. When that happened my account was sent to "risk management." I have gone to the branch in my city and was told by the manager that he had never heard of anything like this, he also attempted to contact "risk management" and ran into the same brick wall. I need my money I have people that I have made arrangements to pay once my check was recieved.
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