tag:blogger.com,1999:blog-1062392490106391323.post6413099993361786336..comments2024-02-22T07:35:27.025-07:00Comments on Goose's Glitter: Bank of America - Warning!Goosehttp://www.blogger.com/profile/17591447328557442711noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-1062392490106391323.post-19883531363820537802013-03-20T19:32:36.084-07:002013-03-20T19:32:36.084-07:00Same thing happened to me today. Received a letter...Same thing happened to me today. Received a letter for each of my 3 BofA accounts (2 checking and 1 savings). Been with them since 2003. No bounced check, no late payments ever, always paid total balance on credit cards. <br /><br />Now I have to fix all my bill pays and automatic payments to and from my account. We are going to Chase and close all our BofA accounts.RChttps://www.blogger.com/profile/13719498896952994201noreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-77501229001684007382013-02-27T21:38:37.338-07:002013-02-27T21:38:37.338-07:00After calling the office of the CEO, and sending h...After calling the office of the CEO, and sending him an email, I told them I would call DAILY (on their 800#, at their expense), until my reward points were paid out. They kept telling me that it's not their policy, but in the end, they ending up crediting my Visa card over $400, which showed up as a "Cash Payment", without ever admitting to doing it. Commonsense won over, because, just the phone bill expense that I planned to put on them would have been in the $1000s with my daily calls!<br /><br />Good riddanceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-6547807327656117582013-02-15T11:32:24.565-07:002013-02-15T11:32:24.565-07:00I had issues with BoA when they held mortgages tha...I had issues with BoA when they held mortgages that I was paying. The first time they tried to increase our monthly minimum payment significantly saying that our taxes went up. When we contacted our local tax office they told us the taxes did not increase. So we dropped them and refinanced. The second time, our mortgage was bought by BoA. We didn't wait to be screwed again, we just refinanced. I will never do business with BoA and I urge anyone else not to do business with them either. <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-20067622857974351372013-01-30T17:45:08.039-07:002013-01-30T17:45:08.039-07:00Had the same issue with Bank of America yesterday ...Had the same issue with Bank of America yesterday - Jan 30th, 2013. They closed my account for no reasons. Have very good credit, and I am so upset and scary on why they would do it. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-40793304449872198352013-01-29T19:13:49.237-07:002013-01-29T19:13:49.237-07:00same thing happened to me today. and i have had my...same thing happened to me today. and i have had my credit card for only 4days smh Anonymoushttps://www.blogger.com/profile/08103709423345756175noreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-79191946616400093002013-01-29T19:12:43.200-07:002013-01-29T19:12:43.200-07:00they did the same exact thing to me on my credit c...they did the same exact thing to me on my credit card! and i have had the card for just 3days please tell me what to doAnonymoushttps://www.blogger.com/profile/08103709423345756175noreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-21971807102628219672013-01-23T18:03:32.803-07:002013-01-23T18:03:32.803-07:00Here's the email I just sent to the BofA CEO, ...Here's the email I just sent to the BofA CEO, Brian Moynihan:<br /><br />Dear Mr. Moynihan,<br /><br />Re: Visa 43xx-xxxx-xxxx-xx68<br /><br />My name is XXXXXXXX XXXXXXXX (Last 4 digits of SSN: 9999)<br /><br />I have been a loyal Bank of America customer since 2007, and maintain 2 checking accounts, a savings account and a Business Rewards Visa Card (referenced above).<br /><br />My balance fluctuates between $25,000 up to $130,000 at times (while earning rates of 0.01%). I've never bounced a check, never been overdrawn, rarely had my combined balance below $10,000 (although I do understand I would be a more profitable customer if I did bounce a check now and then). <br /><br />I am what BofA calls a "Platinum Privileges" Customer.<br /><br />Today, with no warning, my Business Reward Visa card was closed. Upon phoning the Account Closure Department at 980-386-8908, I was told the basic "we can, we did, and we have no further comment" I do understand that BofA can close any account, at any time, without any explanation. I'm sure that there is some algorithm that your company uses that for one reason or another came up with a decision that I am either no longer a profitable customer or a high risk customer.<br /><br />This email is to address the following two issues:<br />My Reward Visa card had earned approximately $425 in Reward Cash, which I was waiting to reach $500 so I could redeem them. I do understand that in all your legalese you can void these earned rewards if the account is closed, but from an ethical standpoint, I feel that I am due these earned dollars. If I was the one to close the card, then I agree that I should forfeit the points, but since BofA just arbitrarily closed my card, with no notice, and by this action profits by confiscating my Reward Cash. I hope you do the ethical thing and have my reward cash either credited against the balance on my card, or a check mailed to me to the address you have on file.<br />I would like to have you reconsider the closure of my accounts or at least review the criteria that was used to close my account. If you are unwilling to reverse this decision, I would greatly appreciate some short explanation on what I did to cause BofA to no longer welcome my business, so I do not repeat this action at my new bank.<br />I understand that your time is valuable, but I do hope that you give this email the attention I feel that I deserve.<br /><br />I can be reached back via this email or by phone at xxx-xxx-xxxx.<br /><br />Thanks in advance,<br /><br />XXXXXXXXX XXXXXXXXXAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-78966410546767273572013-01-23T15:19:15.698-07:002013-01-23T15:19:15.698-07:00Those dirty, rotten f&$(ers just did the same ...Those dirty, rotten f&$(ers just did the same to me. After many years with BofA, and keeping between $50,000 up to $150,000 at times in checking and savings they just arbitrarily closed all my accounts.<br /><br />They are 100% within their rights to do this, but here is what they did that pissed me off. I have the BofA Rewards Visa card, which earns cash back, and I had ~$450 in rewards, which I was waiting to get to $500 to cash. <br /><br />I called the 980-386-8908 number, and got dick as far as information.<br /><br />I called the office of the Chairman and CEO at 704-386-5687 and spoke with a Lauren Keating, Executive Customer Adviser. When I asked if they would be sending me a check for the reward money, she replied that it's in their terms that once a card is closed, the reward $$$ is voided. WTF!!!<br /><br />Stay away from this crook bank!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-16184526291052450382013-01-22T08:20:55.395-07:002013-01-22T08:20:55.395-07:00And at the point when they don't have enough m...And at the point when they don't have enough money to meet reserve requirements, they will hire lawyers, lobbyists, and creative bankers to steal money from somewhere/someone else, create new loopholes, and exempt themselves from said requirements.<br /><br />Sorry, I couldn't read without saying something about this because the entire financial sector (en masse, maybe there are a handful of exceptions) is so corrupt and greedy it infuriates me.<br /><br />BoA is among the worst. They bought out my credit card company, took away my ability to make a payment online while I was abroad, changed my account number (which kept me from even calling in to speak to anyone, although the card still worked so I didn't know until it was too late), and then dinged my credit when they failed to send me a statement that month. When I finally got a statement with the account number and spoke to them they said I should have known to pay my bill. Not sure exactly how I would have done that without a bill or account number. So there goes 16 years of responsible credit card use.<br /><br />That will show me for being such a low profit "customer" for them! What was I thinking??? (I've paid every bill in full every month for those 16 years.)<br /><br />Also, thank you Congress for considering the full ramifications of your well-intentioned (maybe?) but ill formed attempts at curbing credit card and banking abuse.Sidnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-48712630414695940342013-01-09T18:39:13.227-07:002013-01-09T18:39:13.227-07:00This just happened to me, no notification, no reas...This just happened to me, no notification, no reason. No money for 10 days? How am I supposed to feed my kids when BoA has my money?! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-69421719073993368812013-01-07T17:18:39.980-07:002013-01-07T17:18:39.980-07:00I just received notice today that my checking and ...I just received notice today that my checking and money market were being closed by BofA. My sisters accounts are also being closed. They would not give a reason. However I suspect it is because my mom is engaged in a fraud dispute with the bank on her account. She also happens to be a cosigner on our accounts as well. It seems they just don't want our business so I was told to come pick up my funds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-6887227285583347252012-08-26T20:53:37.878-07:002012-08-26T20:53:37.878-07:00They just did this to me but NEVER sent me out a l...They just did this to me but NEVER sent me out a letter. so irritated right now!!!!! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-35394682477046947962012-06-19T21:41:55.116-07:002012-06-19T21:41:55.116-07:00this exact same thing happened to a relative of mi...this exact same thing happened to a relative of mine recently. I believe if you maintain a very high balance that triggers something with BOA leading to closings. The branch manager did not even know the account was being closed and when he called upper level management they said nothing. my relative spoke with an attorney and quickly retrieved his money, they can close the acct but they have no right to keep or withhold YOUR money. i personally think anyone with a BOA account needs to have their heads examined cause its plain stupid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-8388589669664163562012-05-22T20:32:22.654-07:002012-05-22T20:32:22.654-07:00Does anyone knows if this situation damage the cre...Does anyone knows if this situation damage the credit?<br />How much time do u waited for the check to arrive?<br />Thnks to all hope you can help me out a little bitAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-13917635322443483092012-05-22T12:42:11.574-07:002012-05-22T12:42:11.574-07:00I know this was fer a year ago, but I hope you'...I know this was fer a year ago, but I hope you've found a nice credit union with which to do business!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-64034280049153486012012-04-19T10:02:45.766-07:002012-04-19T10:02:45.766-07:00I'm facing right now the exact same situation....I'm facing right now the exact same situation. I received the letter this week from B of A and in 4 days they will put a restrictin to my checking account and in 12 days they will close my checking account. I called the 1.980.386.8908 and left a message, and after some hours they called me back. They didn't give me a reason, they informed that the bank has decided to end the business relationship with me and the account will be closed. I have this checking account since 2006 and I never had a balance below USD 500. I'm totally dissapointed and it's not fair that this bank has taken this decision without giving you an explanation. Now I'm looking for a quick decision to move the funds out of B of A eventhough I don't live in the States.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-28426791730282749772012-03-21T08:12:26.177-07:002012-03-21T08:12:26.177-07:00We just have a problem right now like yours in Bof...We just have a problem right now like yours in BofA they just close all accounts of my Husband and I. giving no reasons and trying to call the # 9803868908 during business time but only answering machine.. I understand if they want the customer go... but how can we get back all our money? are they sending check for the rest of the money in account? how long? anyone please? anyone who have experience this "closing all account situation" possible to give me feedback if they return your money? please .. Thank youAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-61471359403763940632012-03-14T22:13:48.804-07:002012-03-14T22:13:48.804-07:00I just put a complaint to Consumer Financial Prote...I just put a complaint to Consumer Financial Protection Bureau. They BOA) did not state the reason for closing the accounts just said they are within their right to do so. However they credit back most of my credit card points. You can try to put a complaint in to get your points back.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-81140443383962454282012-03-07T23:47:31.580-07:002012-03-07T23:47:31.580-07:00This is exactly my story. My husband has been wit...This is exactly my story. My husband has been with them for 35 years and we never had a bounced check, always paid on time, never quarrel with them and over 700 in credit score. The same thing they said business decision and they do not have to disclose the reason. They close all our accounts and credit cards which have over $500 worth of reward points. It was just like a bad dream<br />one that you never think would really happen. Please let me know if you were able to get your reward points back. I know that they will not reopen the accounts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-59508708911767806332011-12-29T01:53:02.853-07:002011-12-29T01:53:02.853-07:00Hi Goose, did u manage to get back all your money ...Hi Goose, did u manage to get back all your money ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-38597019660105848382011-09-24T20:35:14.011-07:002011-09-24T20:35:14.011-07:00This just happened to me as well (found this site ...This just happened to me as well (found this site while Google'ing to better understand why Bank of America shuts down the accounts of perfectly good customers). I've been a customer of Bank of America for years, and my checking, savings and three credit card accounts were closed. Never paid a bill late, as far as I can tell I have had no issues other than quarreling every now and then with them over odd fees that I am charged here and there. Very confusing but suffice it to say I am filled with vitriolic anger and incredibly upset. I've had to scramble to move all my auto-pays (utilities, mobile phone, gym) etc. I've also lost all my credit card points which strikes me as downright unethical as there was no advance notice before my cards were cancelled. Suffice it to say, I feel like Will Smith in "Enemy of the State". Just totally baffled.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-29513181533679191922011-07-28T20:09:08.618-07:002011-07-28T20:09:08.618-07:00I just read your story and it was like reading my ...I just read your story and it was like reading my own. Bank of America closed my husbands account two day ago and mine for no reason. It is the EXACT same story. I have been with B of A for over 20 years and my husband 10 years we have exemplary records and there is no reason for them to do this. We are out of the country now and will be back in a few days, so all we have heard it the same recording from the same phone number. If you have money in this bank, take it out. Something is really going on here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-64866849493072398642011-01-20T01:37:20.408-07:002011-01-20T01:37:20.408-07:00Omg! Since I don't live in America I have no i...Omg! Since I don't live in America I have no idea about which banks are good or bad. But if this would happen in Sweden... I actually don't think they're allowed to do that here. They don't close an account without letting you know or without you initiating it. This sound utterly strange.<br /><br />But surely you'll get your money back?MELISENDEhttps://www.blogger.com/profile/05564470330026845001noreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-73864805099123822382011-01-18T20:20:59.044-07:002011-01-18T20:20:59.044-07:00Go over to Consumerist.com and do a search on Bank...Go over to Consumerist.com and do a search on Bank of America and also "EECB". Consumerist can give you some ideas on how to deal with B of A and some sympathy as well... Good luck!finished10dnailsnoreply@blogger.comtag:blogger.com,1999:blog-1062392490106391323.post-13373063054215402032011-01-18T19:48:13.470-07:002011-01-18T19:48:13.470-07:00Thank you all for your kind words! I'm afraid...Thank you all for your kind words! I'm afraid that the only "resolving of the issue" will be them sending me a check for the money in the account. They will NOT reopen the account, and they will NOT give a reason, so there's not more that can really come of the situation at all. <br /><br />I had been banking with them for about 10 years with very few (if any) issues, and my parents had been with them even longer. But when they decided to let all of us (yes, they closed ALL of my FAMILY'S accounts) go, we are glad to just be rid of B of A at this point.<br /><br />If you'd asked me a month ago whether I liked B of A and if I'd recommend them, I would've said "absolutely"! Unfortunately, this whole mess changed that around completely.Goosehttps://www.blogger.com/profile/17591447328557442711noreply@blogger.com