My Loyalty Means Nothing to Bank of America

I hear you loud and clear!! I've fought with this bank over NSF fees.
I accept responsibility when I bounce a check and try to move on. But
they are ridiculous and hard core. Wait until you use your debit card
as a credit card. You think you've just bought 2 days on that money,
even with a deposit coming in between. OH NO!! I'm all for taking
responsibility for ones actions, but a long track record should afford
some courtesy from time to time. You would have thought your other
assessts meant something, how about a compromise, we'll refund 1 or 2,
but not all. Apparently $175.00 is worth more to them than your other
savings. I'm on my way out of there after 12 years with BOA, direct
deposit, online banking etc. it was nice for a time, but I'm not
taking their scams any longer.

I keep seeing how people are saying it is all your fault you made the
mistake and you need to pay for it,that it will teach you the lesson
you need to learn.Yes that is one of the ways banks make there
money,they also have a policy thst if you have never had bounced check
fee's or anything like that before they atleast refund one of them on
the first time.You need to check into that but only if you have never
bounced anything before.I was with the same bank for 7 years and
switched to Wachovia and let me tell you if you think The Bank Of
America is bad switch to Wachovia then you would know what bad banking
is,they even charge you $3 to call and speak with customer service on
there 800#.I have had nothing but problems and they have paid out
bills on an old account of mine more then once.How they managed to do
that God knows but they did.They have had to fefund me oner
$2700.00,this year alone.Just be thankful that it was only $175.They
had taken my whole pay checks on more then a few ocassions and it was
always there mistake(thank GOD!)

Know how you feel!

look at it this way - it was a lesson - I bet you will NEVER do this
again. Education usually comes at a cost.
PS - I have done the same thing and learned from it.

The loyalty card kinda goes out the window when you don't keep your
end of the bargain....

All banks have bounced check fees, and yes, it is a money making
"scheme"... it's one of many ways banks make their money. There's
nothing underhanded about it - the terms and conditions were provided
to you when you opened your account. Loyal customer or not, it was
your error and you agreed to be responsible for any such errors when
you signed up. They may waive one of the fees as a courtesy, but
probably not all. As others have said - life lesson! I bet you'll be a
lot more careful about your finances in the future.

Why should you get forgiveness or a refund? You screwed up, so take
responsibility. Sometimes life hands us hard lessons. I bet you won't
be so careless next time.

Not to be rude,but Bank of America is a business and your sob stories
will only fall on deaf ears. You were careless and as a result bounced
checks, so they follwed company policy and charged you an NSF fee for
each check you bounced. If they make an exception for you they will
have to make an exception for everyone, and that would be a mess.
NSF's aren't money making schemes. They are in place as both an
incentive for customers to be financially responsible and to cover the
fees and time it takes to deal with returned checks. My aunt is a bank
president and says that when a check is bounced, the recipient's bank
charges the check writer's bank a fee.

Although I really don't have any great advice to offer, I will share a
'like' story. I was a broke college kid (minimum wage was still $3.25)
and could barely afford to eat. I bounced a check at walmart by 40
cents. Yes, 40 cents. Wachovia slapped me with a pretty amount of
fines that it literally took me over a month to recover. That was a
really rough time for me. However, I recovered, and I have never
forgotten that. When I hear people make comments such as, "it's only a
dollar" I tell them of my bounced check story courtesy of Wachovia.
That's probably one of the best lessons I took away from college.

The fees have increased only slightly recently. It has been this way
for years at my bank. They forgave one NSF fee, after that no dice.

I have had a total of three NSF fees in 10 years. The first forgiven,
the second $33 and the third $33.

As the first response says, take this as a learning lesson. I
certainly did. The only reason I had the last one was I was ill and
did not attend to my affairs.

Usually banks will forgive one fee of maybe half of several happening
the same day (only if it is the first offense). After that, no.

I would use this as a lesson. Everyone makes mistakes in life, some
involve money, some involve family, work, etc.

Just be grateful that this only cost you money. You will probably
never allow this to happen again. But you still signed up for the
terms of the agreement.

I really dont think you would let your employer get away with not
paying you 175 dollars of your check if they made an accounting error.
Why do you expect the same from the bank? It was your mistake, and
your responsibility.

Btw, your local credit union will do the same thing for bounced
checks.


Good Day