Bank of America
$50 Closure Fee After New Account Opened and Closed Same Day
- 04-24-2011
- 107
I had a Bank of America checking account in and it was closed due to financial difficulty! Now on 9/23 I enter a Branch of their bank and opened a new checking account, and deposited $25.00! That afternoon when I arrived home I tried to sign in to their online banking and discovered I could not. I called the Branch and they referred me to their risk management department. I was then informed that they closed my account I just opened because I hadn't informed them I had a account closed with them 7 Years ago. Yet I was never ask on any form or verbally of such. In any case they say, do this type of closure on their part, they will charge me a fee of $50.00, thus they just plain opened the account took my $25.00 deposit and then closed it immediately and kept my deposit. How can Bank of America do this and how is this not consumer fraud?
Company: Bank of America
Country: USA