How Can Bank of America Get Away With Taking Money From Customers Accounts?

How can Bank of America (BOA) get away with taking money from customers accounts? Because BOA is a nationwide big bank and BOA banking system encourages creating this overdraft charge theft scheme to make money.  Most of people blindly trusted and used BOA for many years because their job or life takes them to most of 50 States, and BOA has local branches in most of States. BOA Branches have been nothing but wonderful to customers. International traveling pretty convenient with BOA because they have sister banks in almost every other country, where they can use their BOA ATM card to get local currency. There's a daily cap though, but it's pretty reasonable for non-extraordinary usage. How about for un-non-extraordinary usage? That will be to put BOA's fictitious debit $888,888.88 to your account to create overdrafts, using the excuse of insufficient funds and STEAL YOUR MONEY.

In situations like this, the BOA branches do not have access to any additional information but provide customers with phone # to call Risk Management for clarification. The Risk Management people are above the law and whom the hard working people obviously had no chance to be in contact with. After close one account and seize the account holdings, Risk Management would report account fraud to Chex Systems.  Because of Chex Systems fraud report, other of BOA accounts would be put fictitious debit $888,888.88 by BOA, the excuse of insufficient funds will be used and YOUR MONEY will be taken by BOA.

How can BOA get away with taking money from working people who need every penny they earn? Because working people are peons in this universe and the Deposit Account Agreement states that BOA has the right to close customer account at any time and for any reason. BOA uses this agreement everywhere BOA could apply. How about take customer account holdings without giving an explanation and justification? We shouldn't lose sight of the fact that BOA did what BOA did because the current banking system allows it. In fact, the BOA banking system encourages it.  The real danger is in thinking that because Bank of America Corporation (BAC) as a company has a 'code of ethics’, ethical behavior is the logical and necessary result. In fact, just the opposite may be true.

I need to know what I did that caused me to lose my accounts and account holdings. BOA states they don’t have to have a reason , it’s against their policy and privacy to tell me and BOA entitle to have my account holdings. What is this thing BOA called "privacy" “policy”? I hear a lot about them.  It’s for a passing convenience or an illusion of security for BOA to take customers’ money without going to court.

Our country is in turmoil and the economy is in the gutter and people are suffering because of it. Now BOA adds insult to injury and steals from their customers by creating this overdraft charge theft scheme to make money. 

Is it true that the customer is always right? Probably not, despite of there is the best of intentions. What is true is that bigger customers -- especially more profitable customers -- tend to be more right, more often than less important customers, especially in tight economic times. What BOA does is to take money from working people who need every penny they earn because they’re the one of less important customers. It saddened me that I don’t have pleasure to know any of BOA big account holders who can help me to straighten out with BOA Risk Management.  And contactable information of the right BOA VIPs or President of BOA is unobtainable so I have no way to turn to for help.