Bank of RIPP OFF America?

Question

I just got a $35 late fee on my credit card account because I went into the bank on Saturday and handed them my payment rather than making it over the phone!! When I called customer service she had the nerve to tell me that if I had made my payment over the phone on Satuday it would have been on time! This is just one more dirty ways that Bank of America's treats its customers. And I personally am not going to take it anymore! I want to hear all of your horror stories about this Bank, I am consulting with an attorney to see about a class action law suit against Bank of America. If I can get enough people with legitamate complaints We might have a chance to do something about it.

Answer 1

There are plenty of people who have complaints against Bank of America. Complain to the Better Business Bureau. The best thing to do is not bank with them. I've known of people trying to do this sort of thing to Wachovia via RipOffReport.com. You should complain there, as well.

I no longer bank with Wachovia because they charged me when I tried to cash a bad check from an eBayer... They charged to return the check and charged an "adjustment fee" to my deposit into my account. If you qualify to join a credit union, I'd advise it... they don't nickel and dime you to death like larger banks and they give higher interest rates, too. I'm only getting 3.5% APR on my savings account where I am now, but Wachovia's was pitiful. (I know that a money market account would be a better bet, but the money's only going to be in there temporarily.)

Answer 2

I HATE BANK OF AMERICA!! I've always said that B of A will get a class action law suit against them! I don't know how many times I was charged for talking to a bank representative rather than visiting an ATM or doing a transaction over the phone. Not to mention that they refused to let me withdraw money that I JUST deposited.

I will never go back to that bank, nor will I put money in Wells Fargo. My suggestion is that from now on, use a credit union.

Answer 3

As far as dirty tricks go, if BOA isn't the worst offender out there they are at least one of the most creative. It's bad enough we pay TWICE to use another bank's ATM. It's understandable that another bank would charge a non-account holder to use it's ATM but then when your own bank also hits you with a fee that's nothing less than greed. But as long as people just shrug their shoulders and pay it that will not go away.

But the worst thing they do is attempt to maximize their penalty fees. $35 is an absurd amount of money to have to pay for one overdraft. Even their overdraft protection is ridiculous. In addition to paying a monthly fee for that service they will hit you with a $20 fee if you ever have to use it.

My horror story is actually quite common. BOA customarily processes larger check and checkcard amounts first to increase the possibilty of overdraft. If for example you had $100 in your account and you wrote 1 check for $90 and three other checks for smaller amounts all totalling $150, they will process the $90 check FIRST to bring down the balance enough so the others will bounce. Each bounce is another $35 for them. So instead of one bounce for the $90 check they get three for the smaller ones. That happened to me once, $105 in overdraft charges. I called to dispute but they said no. I then asked when they recived the larger amount check and they gave me a date one day AFTER the others had arrived. So in essence they waited til they were all in and then proceeded to process the larger on first so the others would bounce. Underscoring all of this was a direct deposit to cover the amounts which cleared the SAME DAY, but which was not credited until after the checks were processed. Could they have avoided that for me? Of course. But it's money to them. Like they really need it. Pack of theives.

Answer 4

BOA took on a lot of Fleet's old garbage nickel and dime fees and such when they bought them a few years ago. Only ones who win in a class axn lawsuit are the lawyers, and that's when there is something valid to sue about. You don't have a prayer. Instead of getting mad, you should have asked them to reverse the fee because it was an honest mistake yada yada. Look around for another bank, there are other banks with more consumer friendly attitudes towards their customes.

Answer 5

I agree with the first answerer. Fight your fee. A class action is like slapping a dog, it might make you feel good to get the aggression out but you do not win. The lawyers will take all for your $35 you may get $0.035 because that is one percent while the lawyers will probably get the same $0.035 but multiplied by tens of thousands. they get a new car you get enough money to lose in the couch.

http://www.biyts.info just read how the asbestos victims got screwed and THEY DIED!

Answer 6

Good luck fighting the big banks, somewhere on some piece of literature you received from them, I'm positive it states something about the late fee if paid at the bank rather than the phone. I'm 100% positive their bases are covered. I know it's crummy, but most of the big banks are like that.

Answer 7

i comprehend the way you experience approximately financial business enterprise of usa. they seem to prefer to cost people expenditures. i exploit to artwork at financial business enterprise of usa. you're able to desire to comprehend how they're working in the back of the curtain. besides the actuality that i don't comprehend the precise info of your concern, i will permit you comprehend how issues sorta artwork at B of A. permit's say you're a shopper with B of A for exceptionally much 10 years. in case you pass there and attempt to deposit a verify on the teller, that is as much as the dep. teller's discretion to launch the money day after right this moment or no longer. So while you're a shopper who constantly has a adverse stability or does a marvelous type of overdrafts, they'll carry the verify 9 days to make specific you have the money on your account so your account isn't overdrawn returned. yet once you're a shopper for like 10 years and that they see which you're account constantly has $ and no overdrafts they are going to allow the money released day after right this moment. the subject is the banks do no longer prefer to lose $. different issues to contemplate is that in case you deposit a verify at an ATM and you're a clean shopper who's constantly overdraft, the verify will pass to the main important processing plant for that city and somebody interior will make the alternative on no rely if or to no longer launch the money. So while you're depositing like a $3000 verify on the ATM and you have been a bad shopper, those money is only no longer released until eventually 9-10 days later. This important to comprehend, otherwise in case you deposit a verify and you think of you have those money and you write a verify for expenses or some thing, you are going to have a marvelous type of bounced verify expenditures and NSF expenditures. The 9-10 day lag time is likewise genuine while you're depositing a verify from a different financial business enterprise, like from Wells Fargo to financial business enterprise of usa. I hated my interest at B of A. All I observed the place mountains and mountains of exams each and each of the time. i'm beneficial happy I end, they worked me like a freaking dogs and that i became in basic terms paid like $9/hr. i became like a freaking slave there, you could no longer think of. i'm hoping what I instructed you helps.

Answer 8

Fight your fee and move on. No one is going to give you info for a class action suit because you are not an attorney and our grief list is too long and complicated.

Besides: who will pay for the attorney and how will the attorney be selected?

Answer 9

Forget the law suit, you signed the contract, you are held to their legitimate decision on when you must pay by. You paid late, period. Theses nothing more to it, maybe you should consider paying on time next time, or not charging so much to your credit card. My wife and i have bank of America, and we are perfectly happy with them.

Stop looking for an easy money settlement by law suit, what ever happened to working for what you have?

Answer 10

Class action Junkie!! All your questions and answers are around class action suits. There are some legitimate claims, but resolve it internally first, then consider a class action suit.