Bank Of America
Elective deposit hold to generate overdraft fees Charlotte, North Carolina

I deposited an $800 check drawn on a Bank of America account at a Bank of America ATM into my Bank of America checking account. Bank of America placed an ELECTIVE five day hold on the deposit. (Read their hold policy - they claim the right to do this based on "Our relationship with you". I've never made a bad deposit in my life).
This pushed my account negative and they then started charging me multiple $35 fees for being overdrawn.
When contacted, Bank of America stated that that is their policy.
Bank of America made 6.2 Billion last year. They state they will electively start declining more transactions next year to help consumers avoid the $35 Bank of America transaction fee.
As if they are required by God to charge $35, and to find any reason to do so.
I hope that the billions Bank of America takes from the people who can least afford it with their (most we can get away with) $35 fees is being used to "keep the talent" working at Bank of America.
God help us if somebody even more talented raises the fees to $40 and finds new ways to get it.

Company: Bank Of America
Country: USA
State: Nationwide
Phone: 8008414000
Site: bankofamerica.com

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