ScreamingMemales t1_j4x9sh4 wrote on January 18, 2023 at 10:18 PM

Reply to comment by Former_Football_2182 in Customers report problems with Zelle transactions on their Bank of America accounts by iAmTheHYPE-

I've had money in BoA since 2009 and never had any problems. What is bad about them?

asdaaaaaaaa t1_j4xcabe wrote on January 18, 2023 at 10:34 PM

They got in trouble for breaking some rules. IIRC, they'd separate purchases so they could charge maximum amounts of overdraft fees for one, but could be wrong. I'm sure there's others though.

Sip_py t1_j4y3a65 wrote on January 19, 2023 at 1:41 AM

Most banks do that. Not that's it's okay but doesn't make them shitty specifically

asdaaaaaaaa t1_j4z1101 wrote on January 19, 2023 at 6:21 AM

IIRC, Bank of America was the only one who actually got charged/caught for that specific thing though.

https://www.reuters.com/article/us-bank-of-america-overdrafts/bank-of-america-settles-overdraft-lawsuit-for-66-6-million-idUSKBN1D22ER

Former_Football_2182 t1_j4xb7xt wrote on January 18, 2023 at 10:27 PM

When they first introduced ATMs in supermarkets, BofA told its customers they had to pay if they did not use one marked BofA, then stripped all identification from their machines and charged their own customers to withdraw money.

ScreamingMemales t1_j4xkamb wrote on January 18, 2023 at 11:27 PM

While I think it is fucked for banks to charge to use atms, that isn't the craziest thing. They are providing a way for you to get money in a random spot instead of going to the bank.