Bank Of America
Overdraft Fees Charged on Pending Debits and Holds After Class Action
- 09-16-2009
- 34
The banking giant Bank of America continues to rip off it's customers after their class action law suite settlement. I was unaware of the class action law suite until recently; however, I am painfully aware of the tactics used by Bank of America to continue stealing from it's thousands of customers.
I check my account almost daily. Recently Bank of America has changed it's on line format. There is the screen you see when you first sign into your account and then there is the AVAILABVE BALANCE HISTOR screen. This screen shows balances with holds and without holds. If there is a pending hold on your account and there isn't enough money for the pending or holding funds, Bank of America will access your account $35.00 in overdrafts for each occurrence. Example:
Date Transaction Type Transaction Description Amount Balance with
Auth & Holds Balance without Auth
09/14 Debit CHECKCARD 0911 KRYSTAL 00001529 MEMPHIS TN 4164079256630216681297 -$9.24 - $24.91 $35 Fee triggered $76.70
Company: Bank Of America
Country: USA
Phone: 8004321000