Bank of America is garbage

[97guns]

i opened an account there on the recommendation of my attorney so we could conveniently get some medallion stamps for stock liquidation on my fathers estate.

i open the account with 15K and tell the lady i want a basic checking acct, what does she do? opens up a business checking where i need to keep 10K in there for monthly service fee's to be waived. i ask her for some initial checks and she tells me there is a fee and that i would have to order a box, well i dont need a box, only a half dozen at most and they could not help me.

today i go in to get a bank check for the attorney and they want to charge me again, $10 this time for a cashiers check. i get cash instead sarcastically asking if theres a fee.

i bank with chase and they never charge me for cashiers checks or a few checks for my checking account, they simply print them up.

i just read an article this morning that banks in europe charge their customers .01% to keep money, coming to a bank near us soon.

[hamchan]

I hate them with the fire of a thousand suns. I lasted three months before closing my account. Never again.

[ua_guy]

BoA -free since 2009! Couldn't be happier not having to do business with those crooks.

[sblatner]

I once transferred money from my California B of A account to my brother's Washington State B of A account. Went into the bank to make the transfer and told the teller he needed the funds that day to put money down on a house. She transferred the funds with a three week hold. He had to spend an hour at his branch getting the funds cleared so he could withdraw them.

I could understand having a problem if someone had told me there had to be a hold but she never said a word about it. I've determined they train their tellers to have deposits credit as slow as possible.

We had been customers at B of A for over 20 years. I told my husband and we had our account closed within a week.

[QuarterMillionMan]

B of A is the equivalent of Spirit or Allegiant airlines, they'll nickel & dime you every step of the way (lol).

[cardtrick]

If you think BofA is bad, try Citi. My account with Citi lasted 3 months. At the end of the 3 months, I was sure that everyone who works at Citi is a career criminal.

[disneysteve]

I've hesitated to post to this thread because we've had this discussion before but I've been with BOA for years and have never had any significant problem with them that wouldn't have been just as likely to happen at any other bank. And when there was an issue, it never took more than a quick phone call to correct it.

I've never paid a penny in fees because I've never done anything that generated a fee. My checking has always been completely free. I had my daughter open her checking and savings accounts there and she has not paid a penny in fees.

They have a broad ATM network. They have a good website, online banking, and very good mobile banking app. I get to deposit all of my checks from home with my iPhone (which I realize isn't unique to BOA). Service in branches, on the rare occasion that I enter a branch, has always been friendly and competent.

Maybe I've just been lucky, but I've never had a moment's trouble with them. Obviously, others have, and I'm not debating that at all. If you're unhappy wit the service, by all means go somewhere else. I just don't understand when some folks (not in this thread) suggest that anyone staying with BOA (or Citi, or Wells Fargo, or wherever) must be stupid or not be paying attention or not care.

[hamchan]

Ooh, you all reminded me that they once took over a week to clear a payroll check from a huge national company. I mean, really?!

[MakeAStash]

The big banks have boatloads of cash courtesy the Fed's easy money policy, which means they don't need yours and mine, so they don't do anything to attract our business.

[disneysteve]

The big banks have boatloads of cash courtesy the Fed's easy money policy, which means they don't need yours and mine, so they don't do anything to attract our business.

Banking has definitely changed over the years. I'm old enough to remember when banks would give out gifts to entice you to open a new account. My parents were notorious for doing this. We got blankets, crock pots, clock radios, transistor radios, and various other items for opening accounts. Do any banks still even do that type of thing?

[creditcardfree]

Banking has definitely changed over the years. I'm old enough to remember when banks would give out gifts to entice you to open a new account. My parents were notorious for doing this. We got blankets, crock pots, clock radios, transistor radios, and various other items for opening accounts. Do any banks still even do that type of thing?

Banks offer cash for opening accounts now. There are rules such as direct deposit and keeping account open a certain number of months. Of course they also offer cash for opening credit cards too.

[JoeP]

I avoid banks that charge fees for basic activities. I had a similar experience with M&T trying to charge me for printing a cashier's check (I took actual cash instead) and vowed to stick with my local credit union.

[disneysteve]

Banks offer cash for opening accounts now.

Cash is great, but I think the banks are probably missing the boat here. There is something particularly satisfying about walking in, opening an account, and walking out with something tangible. The casinos mastered this marketing a long time ago. I get offers all the time to come on a certain day to collect a clock or bathrobe or barbecue tool set or whatever. And it works. People won't make a special trip to get $10 cash but they will to get some stupid giveaway item.

[Spiffster]

All of the big banks suck... ALL of them. Do yourself a favor and open up a credit union account. Most will refund any ATM fees automagically. I use whatever ATM I want, and have never paid a fee that hasnt been refunded. Even if you like your big bank you should think about ditching them based on principal alone. Send these crooks a message.

[Eagle]

I had a Credit Union and Mrs Eagle had BoA when we first got married. We closed out her account at BoA. Lot's of headaches there. We now use Wells Fargo and love it.