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.

Banking with Bank of America Is Banking With Disasters! What To Do Now?

CustomerServiceScoreboard rates Bank of America (BOA) customer service and customer support as “Terrible”. BOA banking system encourages Risk Management placing false $888,888.88 debiting to customer accounts wherever possible, creating overdraft charge theft scheme to make money. Sadly, many people blindly trusted and used Bank of America (BOA) for many years without aware of overdraft charge theft scheme until it’s too late and lose all the money to BOA. Banking with Bank of America (BOA) is banking with disasters.

Searching for Internet on Google about BOA bizarre debiting $888,888.88 exploded with results of horror stories. I’m stunned this is what BOA does when they suspect an account of fraud, and most people have to fight like hell. No amount of discussion even escalating to the Branch Manager and Regional Manager could get the Risk Management Department's decision overturned not to mention to get their money back. Many people post that their credit scores have been ruined; fraud flags have given them trouble at other banks.

Account closure has happened to many US big / top banks such as BOA, Chase, Citizen, Wachovia, Wells Fargo, HSBC, Regions, and SunTrust. . .  Banking with Bank of America is banking with disasters because BOA is the only US banks closing my accounts for no warning, no reason, no explanation, and no chance to defend but keeping my money afterwards while other banks will refund me the account holdings after they close my account.

After BOA bizarre debiting $888,888.88, froze and closed one of your accounts and seized your account holdings, BOA files your account fraud to Chex Systems. Subsequently, other of your BOA accounts will be affected with bizarre debiting $888,888.88 then closed, and account holdings will be taken by BOA without explanation and justification. There have been instances and happened, some other US banks would really open your checking accounts but later close those after they find out you are on Chex Systems.

BOA judges anyone with a problem is a scammer and commits fraud.  In the Court of Law we’re supposed to be innocent until otherwise proven.  BOA STEALS YOUR MONEY by placing their fictitious debit $888,888.88 to each of your account transactions and to create million dollars overdrafts. Using the excuse of insufficient funds, BOA will drain the balance from your BOA saving account or BOA credit card, add all sorts of penalties to your million dollars negative balance accounts over and over again. Indeed, Bank of America Corporation is the biggest thieves I have ever encountered!

Avoid BOA like the plague. They WILL screw you eventually. It may not be this month or this year but eventually you will regret doing business with BOA. Please be smart and don’t open an account with any Bank of America in the USA. Bank of America WILL STEAL YOUR MONEY!