Thursday, September 30, 2010 - 3:12 PM

There Were Great Times, There Were Worst Times

(2 stars)

I have been a long time banker at BOA...very long.

I had some great experiences with the bank. There were times when I would overdraft and they would take my overdraft charge away at request. They made my credit card payment easy to pay by lowering my interest rate and allowing small payments to be taken out of my account each month. It wasn't until recently that we had problems.

I was given a check for $250. I cashed the check and took out $50. Two days later I get a call from BOA and am told without a reason that I am no longer allowed to bank with them. They kicked me out quicker then hobo in the Trump tower. When I called to find out why they said that my the check I had cashed was from a fake account and that I was putting the bank at risk....!!!

So there I was with no source of income since they pretty much told me I would have to wait up to 2 weeks to recieve the money I had in my account. Not to mention it was the end of the month meaning bills had to be paid. After I spoke to about 4 rude customer service reps who told me to just go to another bank and that they were sorry because there was nothing they could do I headed over to Chase. Now I am responsible person and my credit is decent so when I was told that I was not able to join Chase I wanted answers.

Turned out BOA blacklisted me. I was and still am not able to join any bank for up to FIVE YEARS!!! I even showed proof to them that the check had no connection to me and it was given to me for graphic work I had done for a client. I made a lawsuite out of it and that is still pending because the client is no where to be found...and I am stuck with this mess. BOA may seem great in their commercials and may offer perks here and there but when I say they will leave you high and dry...I mean seriously they will leave you without care in the world and ruin you while they are at it so you don't want to bank with anyone but them...

Vershelz1 posts since
Sep 30, 2010
Rep Points: 14

1. Thursday, September 30, 2010 - 7:15 PM

Would be interesting to know where you were blacklisted. Is there some banking blacklist out there? If so, that certinaly should be regulated. And if there is one and it is regulated, then you might be able to do something about it.

I would think that in theory, you might be able to file a libel suit over the blacklisting -- I suppose depending on just how it is done and what it says -- in theory. Of course, it would probably cost more for the lawyer than it might be worth, and would certainly take some years to get through the court system.

If it was your credit report, then why only five years? The rule, generally, is that a bad mark on your credit report stays for 10 years, although the time is shorter in some states (it is eight years in California, I know).

Still, if your credit report, you might be able to at least get a second posting there contesting it if not get rid of it altogether by showing you did not write the check and actually have a lawsuit going over it.

me1004292 posts since
Jan 16, 2010
Rep Points: 1,858

2. Thursday, September 30, 2010 - 7:19 PM

BTW, regarding your inability to get a second review at BoA, that is their policy, no second review allowed:

Bank of America was recently awarded a patent for its method to make sure the depositor is ****ed. That was regarding a refund of disputed overdraft fees. Kind of unbelievable that they would get a PATENT for this, much less that they would do this method in the first place:

Bank Of America Patents Method For Denying Refunds - The Consumerist Bad policy, if you ask me. I wouldn't -- and don't -- do business with them.

me1004292 posts since
Jan 16, 2010
Rep Points: 1,858