When watching tv commercials about bank of america they tell you about all the great thing they are doing to help their customers, well if you are disabled or on social securety or middle class just making ends meet you do not want to do your banking with Bank of America and frankely i do not think they want clients that are in this category. BOA takes advantage of these people for example most banks deduct your checks or purchases as they come in and will post them to your account in that order, not BOA if you have purches of say $14.00, &7.00, $3.00 $1.00 and they have allready cleared and no longer pending leaving you a balance of $30.00 and then a day later something comes through for 100.00 now we would assume you are going to get one late fee at the most if you are unable to cover the fee that day.
Well i can tell you that will not be the case. What they will do is put the 100.00 amount through in front of the charges that are no longer pending, your account will then show the $14.00, $7.00, $3.00and $1.00 in the negative, then they will hit you with 100.00 to 140.00 in fee's causing you to owe lots of money that you do not have and when you call and ask them why they did this to you they will tell you that it is a bank policy that their customers would rather they pay the higher amount first in case it is an important payment. Well i do not know about you but merchants would not agree for they should all be important to a bank.
I am saying enough is enough, for i have had this done to me to many times and i am closing my account and the 250.00 they show me owing because of the very thing i just described they will get it in payments of 10.00 a month for i have nothing but a social securety check every month to live on. If you have plenty money so you do not have to worry about ever having this done to you. I guess their as good as any bank but if your income is limited you need to find another bank.
I personally think they do this to people with little money because they figure they can, that we will not have the money to do anything about it and we will just suck it up. But luckely there are places like this one that we can at least warn other people about such unethical practices by businesses like BOA.
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