I scheduled on online payment to BoA of $4300. On the scheduled day, BoA made TWO withdrawals from my external checking account of $4300 each.
I was out of the country and did not discover the effect on my checking account until a week later. When I called BoA, they said they'd correct their —admitted— error, but it would take 8-10 business days to get my checking account credited. Their claim is that it takes that long to "go through the clearing house."
If I call to make a payment to BoA from my external checking account, they could get it in one day. Why should it take two weeks to process a refund through the same clearing house? I call this a scam or an intentional deal with the clearing house to hold on to my money.
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