1 /5 Paul VanGeffen: This is a horrible bank. Been with them 32 years in one fashion or another. Platinum honors client. Merrill client. Good balances at both bank and Merrill. Had a small temporary financial setback and got it corrected. Now any check deposited that they deem Large Deposit (although they refuse to define what a large deposit is dollar wise), they send a notice that they have received check specific information that the check may be returned unpaid. Then they put an extended hold on your deposit, the whole amount for the entire time. They completely ignore the Federal Availability of Funds Act requirements because “check specific information” which they will refuse to give you a copy or even tell you what that info is. Once the check actually clears and the hold time is over, they act so generous by saying that they will reverse any overdraft fees. What they won’t pay for are the fees you are now incurring from companies whose payments were not honored. And if one is a credit card payment, and the interest rate gets increased because if a returned payment, you’re in your own. B of A will basically tell you take a hike, they don’t care. Which is obvious since you direct a teller to deposit funds in one account and he ignores you and puts it in whatever account he sees fit. They obviously don’t pay these people to think or be nice.
