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Bank of America Complaint - Unreasonable - savings account
Bank of America Complaint

Bank of America Complaint

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Unreasonable - savings account


I got a withdrawal fee on my savings account last month. When I called BOFA, they told me that the Federal Government had a limit on how many withdrawals you could make a month. They told me it was three including ATM withdrawals. I went to the banking regulation site and in actuality, the number of withdrawals or transfers you can make per statement period is SIX and ATM withdrawals are exempt! I called BOFA back and the customer service rep again tried to blame it on Federal Regulations. He then read it to me and I pointed out the errors. He finally admitted that the policy was Bank of America 's. I felt that I was lied to and I resented the fact that after 20 years of banking with BOFA that they would start nickel and diming me over what they considered "excessive withdrawals" - more than three a statement period. I took my money out of my savings and am currently looking for a bank that adheres to the Federal Regulations of six withdrawals with AMT withdrawals exempt. Shame on you, Bank of America!!!


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Comments


brucew7777 says: (7 years ago)
 0
It is UNACCEPTABLE and a SCAM for Bank of America to be ASSESSING these 1.00 'excessive' FEES! That is called STEALING!! I am so infuriated about them! I am going down to their branch TOMORROW and DEMAND my MONEY BACK! This was NEVER discussed with me, EVER! I can relate to the other person's frustration with this.



brucew7777 says: (7 years ago)
 0
It is UNACCEPTABLE and a SCAM for Bank of America to be ASSESSING these 1.00 'excessive' FEES! That is called STEALING!! I am so infuriated about them! I am going down to their branch TOMORROW and DEMAND my MONEY BACK! This was NEVER discussed with me, EVER! I can relate to the other person's frustration with this.



txtootsie says: (8 years ago)
 0
I am asking the same question. But be sure to check with your bank to see what their policy is. Like I said, Bank of America's is 3 withdrawals and it's perfectly legal!



txtootsie says: (8 years ago)
 0
I have been asking the same question. But be sure to check with your bank to see what their policy is. Like I said, Bank of America's policy is 3 withdrawals and it's perfectly legal!



cestmoi says: (8 years ago)
 0
Thanks for bringing it to my attention about the 6 withdrawals limit. Never knew that! Why should I be limited to the number of withdrawals per year with MY OWN MONEY??? Not understanding the federal regulations!




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