Bank of America board meeting: we made 4 billion scamming customers and need to pay 250 million in fines. Job well done fellas, let’s all give ourselves raises.
How much are people getting individually? If its like $5 then its not even worth it. Just give it to one account that goes for a positive account for a community.
🤨 💭 Hmmm, One of the worst banks I’ve ever encountered. DOJ and FBI won’t even take any action against insider trading: CONGRESS, SENATORS, GOVERNORS, WH STAFFERS, FAMILIES of government agencies, etc… “There is no true justice; there's only the illusion of justice”…
Anyone that still banks with the big banks that caused the last crash...ARE PART OF THE PROBLEM! Open a local Credit Union Account. It keeps the money in YOUR neighborhood, and pays dividends NOT million$ to their shareholders.
It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.
Agree; the rules should be applicable to all banks - big or small. First; very few meaningful laws are passed and then this cycle of doing-undoing seems to support deregulation risking the economy and the faith in banks.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?
Works the same way for blue-collar and ghetto crimes. For every twelve crimes, MAYBE you get caught. Then, ya go through "the system", lol. 💪😎✌️ After that, ya just repeat it all. It ain't nothin'.
Bc they have diseases nobody else wants so whose fighting for their jobs really tho is my question???? Nobody with they own money, no STDS and options....So they can keep their jobs bc nobody of substance want their job
They charged me over $1300 for overdraft fees over the weekend back in 2003. Because iTunes charged me $1 per song download while BofA charged $35 per song. Funny thing was that I deposited a check that friday before 5pm which they said that didn’t initialized till next Monday even though I had the receipt from their ATM machine. They are bunch of crooks.
But you as a bank consumer customer at their Bank you can go individually and sue them money that they have to pay back to the customer will be under class action lawsuit but you can still sue them individually some just might do that .
As a former employee many many years ago. I can confirm this is 100% true. They would fee their own employees who didnt even want an account but felt obligated to open one. By not using the account would charge a fee which made the account go negative bc i didnt use the account and charge another fee bc it went negative. Then another fee if it stayed negative for more than 7 days. I had so many fees for an account i did not want. I was using another bank at the time. They are trash to their customers and employees.
Golden 1 credit charges customers fees on savings accounts if the balance goes below $100. Golden 1 just started doing this practice a couple years ago.
they have been doing this forever in the 90s I left las vegas having 600 in my account and never touched it 3 years later they wanted 400 bucks they did an automatic transfers that I never authorized
Been a customer since I was 16 and I havw never had a problem, incurred any unplanned fees, nor ever paid them credit card interest on my bank of america card.
BOA recently opened a fake account in my. I was sent a letter saying BOA decided to close my account. I would have never known otherwise. I had to file a fraud claim and BOA never told me who opened the account. I know it was from inside BOA because I get LifeLock alerts when my info is being used to open accounts. SMH
I remember when this same thing happened back in the late 2000's and had to pay out millions. How do they keep doing the same thing and getting away with it?
Because they're RICH. CEOs are immune to all laws. Especially bankers. 💪😎✌️ They're invincible, trust me. The fines NEVER outweigh the crimes, lol! 😂🤣😂 Never. If you're a wealthy banker, you're a God. Untouchable. No exceptions.
Bank of America is the WORST. I was closing a BOFA account, but knew that I had at least one pending transaction. I went to the bank and asked if it had cleared yet. They said yes, so I zeroed out the account. One month later, I get a notice of an overdrawn account and all sorts of overdraft fees and fees and fees. They LIED to me knowing FULL WELL that the transaction hadn't cleared in order to glean money from me. I never paid it. And never will. That can stick on my credit report until the day I die.
@vistagraphsnet 9 days ago Bank of America is by far the worst. On April 24, 2024 I received an email from BofA saying i successfully activated Face ID. I am 83 and would never use face ID because I use a password and my family knows how to get into my account upon my demise. So I tried to access my account and was not able to so I called Bank of America and was informed that an IP address from outside of the US used my account and I was responsible. They claimed I had to have given someone my password outside of the US. They immediately closed my account. I have been a BofA customer since 1987 with never a bounced check or other problem. I have had two direct deposits with them since I retired in 2004. Because they would not let me access the account, I could not get the bill pay information who I pay, phones and addresses. Both direct deposits were returned and in the case of Social Security it will be six weeks before they can direct it to my credit union account. The CALPERS retirement check was returned and it will take three weeks to receive it at my credit union account. I know no one outside the US so have no idea who could have changed to face ID. Today I received a letter from BofA stating my information has been entered into a database all banks use and I will not be able to open another account with any other bank for five years. Please put BofA on top of your list. Everyone should be warned that this could happen to them.
If Wells Fargo was doing it, I wouldn't be suprised if every bank was doing it. When someone lies to you and they wont do it again. It's likely been doing their whole lives, you just never caught them.
If you tell someone that they need to meet a certain quota or they’ll lose their job, then they will probably do whatever it takes to fulfill that quota, no matter how wrong it is.
Hopefully, the real punishment will be a mass exodus of customers going to other banks. These fees are a drop in the water for them. I want them to really hurt.
@@thekaren1111 I understand what you mean. I agree that’s what SHOULD happen but it has not and will not. Our system caters to these companies and gives them slaps on the wrist for their misconduct. It’s sadly up to us to keep them in check.
Part of the lawsuit should include a clause that prevents the Bank of America from charging any fees for bounced checks for at least the next 5 years. That would be real justice and penalize them further.
?? We all know those exploited bank customers will never see a penny of that compensation money... the clueless government tells the same greedy and corrupt people working at that bank to do it themselves, because they can obviously be trusted to do the right thing. (The inmates are running the asylum folks.)
I got hit with the overdraft fee multiple times in high school. I remember being hit with multiple fees for the same charge and my bank account that was only overdrawn by -10 dollars turned into me owing BOFA -378 dollars from constant fees in just two days. Ridiculous.
It's very unfair to we the customers as these very bad guys don't get to pay for their mistakes. By understanding how Banks work, it becomes clearer why they ultimately fail. Do people even know Banks use a majority of their funds for their "personal investments"? Ever heard the saying cash is thrash? Just hold your money in more stable and lucrative ways and save yourself the stress.
Sorry to jump in, but there a lot; gold, stocks, stable businesses etc. I know this cos personally I made my first million late last year from stocks and bonds which I have used to set up and put into the other things. The only downside is that you could also lose your funds which is easily remedied by using a professional or making very thorough inquiries. Good luck.
@@dannywalters958 ...Nice approach... I have been considering going into one or two of the listed ventures for sometime now especially stocks with no knowledge of how to go about it... You mentioned using pros, if its not a problem, do you mind telling if you used one or recommending a good one? I could definitely use one right now... I look forward to you replying...
@@titanjack3118 Yeah, I used one but that's cos I'm not so knowledgeable in the field and I battle with time constraints. Not really sure I'm permitted to go into details here, but mine is Abraham Adam Keith, and you could possibly find more through a quick search.
@@dannywalters958 Followed this thread outta curiosity and boom, I know this funny man. Once attended a fundraiser he was also in attendance here in Vancouver,, serious looking man with with a funny accent,, He's in the States though, I doubt he works with non residents,,,
What about past accounts? I stopped using BOA because of fees and when I had a couple overdrafts I was charged like $120.00-$150.00 to pay back the so called interest from their overdraft loan, this was for a $20-$40 gas fill up usually because the gas stations took so long to actually bill the bank acounts... so thing got messed up sometimes How do we recoup these fees in this lawsuit
I was back paid over $20,000 from them after a class action suit. This was on the military banking side so maybe you can check out more info on this suit.
I used to work for Bank of Bank till 2021 as a Banker and all what they’re saying is true. I can’t tell you how many clients I had to help reserve those $35 fees during the lockdown. But trust me, the money they made this fine isn’t enough.
Mind Begs the Question: If God prohibits Usury/Interest Banking If a people prohibit it among themselves Subjugate rest of World with it Following Scripture,Violating Scripture?
@@marcbright6758 Similar to how Facebook was just required to pay out a large sum of money, It gets divvied out among the customers which means everybody gets about $1 each.
BOA needs to see what is going on in France. These small fines are not punishment. They laugh at it. Companies that do this should have their back broken.
They did it, I worked for Bank of America and Wells Fargo both at call centers and they definitely had us employees opening up 7 accounts you didn’t need. 😢
Punishable by a fee just means it's legal for those who can afford it. There needs to be prison time or harsher penalties for those in charge who abuse their privilege and power.
BOA receiving bailout money and gives their senior officers bonuses when everyone else is suffering. Now we're hearing multiplying fees, creating fake accounts to meet quota, and withholding rewards from customers. Is it really a bank?
Over 100k was illegally taken out of my Bank of America account and BofA is partly responsible for allowing the money to be taken out in California. By someone who is NOT related to me. This was done 2010-2015
I appreciate the way you take on challenges with such a positive attitude. You leave us with such a great impression. Thank you RATELHACKS for helping me withdraw my $245,099 back from scammers .
If this was any other individual citizen opening accounts under your name it would be considered grand larceny and be sent away for a long time. Who is going to prison for this?
They should be made to credit all of those fraudulent fees correctly to those who lost money. Not just give out pennies, on the dollars, lost by customers... The fines will not be enough as a penalty for the fraud at all...
Keybank did this to me back in the 80s with my student loans. They double charged me on overdrafts over and over until they took almost all of my student loan.
I worked for bofa and got fired I am SOOO GRATEFUL!! It was a terrible job and I hated the way I had to treat customers. Never opened fraudulent accounts but I’ve seen it done.
Citibank was doing this as well: $3 bank balance $5 end of month fee -$2 in bank ($3 - $5 = -$2) $35 Insufficent Funds fee $40 a month for several months. ($5 Monthly fee + $35 Insufficient Funds fee = $40 ) I paid easily more than $200 in fees to Citibank when they were doing this to me.
I’m fighting with them right now over a transaction that I didn’t authorize and didn’t sign for. It was a split bill but the merchant charged my card twice instead. BOA still wants me to pay that other half and suggested I go to merchant to resolve it. They’re also charging me more for a rescheduled flight which I also sent them an email from a booking company with the amount which is lower. This bank is going down and looks like quick. I’m going to close all my accounts with them once paid off and everyone I know will hear about their stinky crooked activities against their clients.
@@cookielapaz8927 They may have made a mistake which happens whereas BOA doesn’t care about their clients and this is based on my experience, people I know and now this…🤷♂️
I know, right?! I had a better chance of getting paid by Wells Fargo for the same thing. I do believe I got a few bucks once for international exchange fees.
This sounds exactly like what Wells Fargo did about seven years ago, when employees were fired for opening unauthorized accounts in order to meet arbitrary and unrealistic quotas. I don't blame the bank employees, I only blame management. They must've put the employees under enormous pressure to meet those quotas or forfeit their jobs.
I never got a NSF from Boa, but I have noticed for a long time they reduced the cash back rewards and I never knew what happened.. but companies do this all the time. Even 7-11 rewards were reduced about 4 years ago.. I didn't know a company could be fined for reducing reward programs.
Thanks for letting me know this is illegal. Former “Bank Atlantic” which got bought out by BB&T/BBX Capital did this to me as a broke 18 year old. It wasn’t even for an overdraft due to me spending money I didn’t have. I basically got penalized for not having a certain dollar amount in my checking account, which then placed me into “overdraft.” Then unknowingly, I was being charged $35 every month for “over drafting.” I saw the overdraft letters they sent every month but I thought they were reminding me of the one “overdraft”. I found out I was “over drafting” every month when I went in to close my account and they told me I owed $500+ dollars to close the account, which I luckily had in cash (from saved up lunch money) when I went in. I wonder what would have happened if 1) I didn’t close the account earlier and 2) I didn’t have the cash. Would my account just stay open and they add $35 into infinity? Knowing what I do now, I would have disputed it but I was naive, shocked and afraid when the representative told me so I just handed her most of what was my cash savings at the time, pretending that I knew that’s how the process went. I did a great job hiding my “shock”, trying not to act new to “adulting.” It really didn’t feel fair, which now this story years after confirms, it wasn’t! I would follow it up if it was worth my time now but I’m sure going back all those years into records of a bank I left that was also bought out would be a drawn out process. Every bank policy maker who gave this a green light needs to repent.
One of the reasons why I don't trust mainstream banks as all they care about is corporate greed. Then again my local credit union is really starting to head their direction as well & not happy about it.
Webster bank did that to me 2009 peak recession when I had a hard time getting a job as a mechanic. It was a brutal year. I only got $100 back for thousands that I got taken by over draft fees. They would hold onto them and then take them all out at once with the largest payment first and I’d get billed like $100 for 4 over draft fees
They opened two accounts in my name and I have NEVER banked with them hem before. It. Was. A. Nightmare. And affected my credit score when I was finally able to close the bogus accounts.
When this happened to you, did you sue them ?? If not , if the statue of limitation isn't up, you can go individually and sue them this judgment that came down on them will most likely be under a class action lawsuit . But seek an attorney for advice .
It happened earlier this year. I guess I can’t prove it was BoA and not a third party. (How are the others proving it?) But it seemed fishy at the time and even more so now. How would a third party benefit from opening two empty accounts in my name and with my address so that the cards were sent to me and required my activation? They didn’t steal money from me, but - wow - the time I wasted trying to resolve this! They made me drive to a branch and sit there for four hours while they tried (unsuccessfully) to figure it out - and that was after spending over an hour on the phone. After that, it was still an issue for several months.
Anyone that still banks with the big banks that caused the last crash...ARE PART OF THE PROBLEM! Open a local Credit Union Account. It keeps the money in YOUR neighborhood, and pays dividends NOT million$ to their shareholders.
Yes! I worked at a job that sometimes they didn’t deposit my paycheck on time and Bank of America charged me those $35 fees over and over again. Example, a coffee at Dunkin Donuts would cost me around $40! I hope I get some of that money back.
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They were my mortgage holder for years. They did have serious problems, and it doesn't help your credit when they pretend you're paying late, to justify the fees, by delaying the deposit. But bankers just don't care about your fees, as long as tax cheating is acceptable.
@caseymuller3480 Well explained, the best thing is investing your money rather than just leaving it in your bank accounts, where it ends up loosing it's value over time. I used to be a victim of this, until I met a financial advisor Robin Brezik , she explained to me why I must invest my money and have my retirement planned. Now I can proudly say I make so much every week from my investment and my retirement account is growing bigger and better. I am not worried of getting older anymore.
I closed all my accounts with this bank in June of 2022. The bank was withdrawing by their computer from my account every 2 weeks and then charging me for the withdrawals. I never received a dime from the bank, and I don't expect to get anything now.
You need to seek an attorney for advice this just happened to you in 2022. Most definitely, you have a case of them individually ! Did you sue them when this happened ? If you didn't, you should most likely this judgment that was passed down on them probably come under a class action lawsuit !
Bank of America board meeting: we made 4 billion scamming customers and need to pay 250 million in fines. Job well done fellas, let’s all give ourselves raises.
EXACTLY !!! UNTIL THEY GO TO PRISON, WHAT WILL STOP THEM ????
How much are people getting individually? If its like $5 then its not even worth it. Just give it to one account that goes for a positive account for a community.
I imagine lots of ppl will switch banks over this
Now let’s keep pushing Biden’s student debt relief so we can unburden ourselves from their loans at tax payer expense.
Also it is more expensive to be poor than it is to be rich.
Paying 150 mil is literally nothing to them.
If we stole money from them, we'd rot in prison.
Agreed! Should be 150 billion
🤨 💭
Hmmm, One of the worst banks I’ve ever encountered. DOJ and FBI won’t even take any action against insider trading: CONGRESS, SENATORS, GOVERNORS, WH STAFFERS, FAMILIES of government agencies, etc… “There is no true justice; there's only the illusion of justice”…
Corporatacy
Big bank
yeah but then who's gonna rule over the poor if the bank aren't there to make it possible huh?
Yet no one ever goes to prison from these banks.
The world has gone mad.
To big to fail
Anyone that still banks with the big banks that caused the last crash...ARE PART OF THE PROBLEM!
Open a local Credit Union Account. It keeps the money in YOUR neighborhood, and pays dividends NOT million$ to their shareholders.
Same powerful gang responsible 2008 crisis
Nor do the Politicos who are enablers, or worse :-/
It’s amazing really. We have a financial crisis, caused by greedy, reckless financial institutions. Congress passes legislation requiring those institutions to be less greedy and reckless. The institutions then lobby to have those restrictions removed, usually in the name of “remaining competitive”. This leads to another financial crisis. It’s completely predictable, and we have been doing this dance since the Great Depression almost 100 years ago.
Agree; the rules should be applicable to all banks - big or small. First; very few meaningful laws are passed and then this cycle of doing-undoing seems to support deregulation risking the economy and the faith in banks.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?
I work with Sonya Lee Mitchell as my fiduciary. Simply look up the name. You would discover the information you needed to schedule an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Must be nice to break the law and only have to pay a fine in the 1% of times you are caught.
Works the same way for blue-collar and ghetto crimes. For every twelve crimes, MAYBE you get caught. Then, ya go through "the system", lol. 💪😎✌️ After that, ya just repeat it all. It ain't nothin'.
Thats probably less than they made from the illegal activity. Theyll just do it again and pay the fine, system is broken and working just as intended.
This is so sad. Those executives get to do nefarious acts, keep their jobs, and make hefty bonuses!
I personally love it! Don't get mad when capitalism and the justice system don't serve you. Hahhaa! I love to see you slaves cry
Exactly
Rich gotta rich. Poor gotta serve. Masters and slaves. It is what it is. 💪😎✌️
Bc they have diseases nobody else wants so whose fighting for their jobs really tho is my question???? Nobody with they own money, no STDS and options....So they can keep their jobs bc nobody of substance want their job
Considering they got bailed out in 2009 they should pay customers with interest.....
Shouldn’t what’s left after paying the government’s attorneys go to the ones that were affected, not the government?
If corporations are people too, then some people should be going to prison.
They charged me over $1300 for overdraft fees over the weekend back in 2003. Because iTunes charged me $1 per song download while BofA charged $35 per song. Funny thing was that I deposited a check that friday before 5pm which they said that didn’t initialized till next Monday even though I had the receipt from their ATM machine. They are bunch of crooks.
Wells Fargo to.
It is common practice in banking to process withdrawals immediately and deposits the next business day, just for that very purpose.
TD too
That's how scams work.
I only do business in cash
@anakinskywalker9712 lol you can definitely get scammed in cash 😂😂
I've been with them for 50 years. So I'm definitely gonna get my .47 cents of the law suit.
But you as a bank consumer customer at their Bank you can go individually and sue them money that they have to pay back to the customer will be under class action lawsuit but you can still sue them individually some just might do that .
I've had an account with BofA for over 30 years and haven't had any problems. If you had problems why stay with them for 50 years?
@@cookielapaz8927 because I knew my big pay day was coming! Duh!
@@cookielapaz8927found the employee.😂😂😂
its more than 47 cents more like $3o-$25o depending on the fees
As a former employee many many years ago. I can confirm this is 100% true. They would fee their own employees who didnt even want an account but felt obligated to open one. By not using the account would charge a fee which made the account go negative bc i didnt use the account and charge another fee bc it went negative. Then another fee if it stayed negative for more than 7 days. I had so many fees for an account i did not want. I was using another bank at the time. They are trash to their customers and employees.
Golden 1 credit charges customers fees on savings accounts if the balance goes below $100. Golden 1 just started doing this practice a couple years ago.
bank of the Devil.
they have been doing this forever in the 90s I left las vegas having 600 in my account and never touched it 3 years later they wanted 400 bucks they did an automatic transfers that I never authorized
Been a customer since I was 16 and I havw never had a problem, incurred any unplanned fees, nor ever paid them credit card interest on my bank of america card.
BOA recently opened a fake account in my. I was sent a letter saying BOA decided to close my account. I would have never known otherwise. I had to file a fraud claim and BOA never told me who opened the account. I know it was from inside BOA because I get LifeLock alerts when my info is being used to open accounts. SMH
I remember when this same thing happened back in the late 2000's and had to pay out millions. How do they keep doing the same thing and getting away with it?
They're corrupt lawmakers and politicians allow it.
People keep doing business with them anyway.STOP!
Because they're RICH. CEOs are immune to all laws. Especially bankers. 💪😎✌️ They're invincible, trust me. The fines NEVER outweigh the crimes, lol! 😂🤣😂 Never. If you're a wealthy banker, you're a God. Untouchable. No exceptions.
150 million fees? How much did they steal from their customers? 1.5 billion? Got out of big banks 15 years ago and been happy ever since...
Bank of America is the WORST. I was closing a BOFA account, but knew that I had at least one pending transaction. I went to the bank and asked if it had cleared yet. They said yes, so I zeroed out the account. One month later, I get a notice of an overdrawn account and all sorts of overdraft fees and fees and fees. They LIED to me knowing FULL WELL that the transaction hadn't cleared in order to glean money from me. I never paid it. And never will. That can stick on my credit report until the day I die.
@vistagraphsnet
9 days ago
Bank of America is by far the worst. On April 24, 2024 I received an email from BofA saying i successfully activated Face ID. I am 83 and would never use face ID because I use a password and my family knows how to get into my account upon my demise. So I tried to access my account and was not able to so I called Bank of America and was informed that an IP address from outside of the US used my account and I was responsible. They claimed I had to have given someone my password outside of the US. They immediately closed my account. I have been a BofA customer since 1987 with never a bounced check or other problem.
I have had two direct deposits with them since I retired in 2004. Because they would not let me access the account, I could not get the bill pay information who I pay, phones and addresses. Both direct deposits were returned and in the case of Social Security it will be six weeks before they can direct it to my credit union account. The CALPERS retirement check was returned and it will take three weeks to receive it at my credit union account. I know no one outside the US so have no idea who could have changed to face ID. Today I received a letter from BofA stating my information has been entered into a database all banks use and I will not be able to open another account with any other bank for five years. Please put BofA on top of your list. Everyone should be warned that this could happen to them.
If Wells Fargo was doing it, I wouldn't be suprised if every bank was doing it.
When someone lies to you and they wont do it again. It's likely been doing their whole lives, you just never caught them.
They just learn how to lie better next time.
Yes I'm sure they all do it.
In Japan, CEO’s go to jail if they break the law.
Well it's going to be THEIR country at the rate were going.
Hope you have purchased your new financial system XRP and XLM as recommended?
If you tell someone that they need to meet a certain quota or they’ll lose their job, then they will probably do whatever it takes to fulfill that quota, no matter how wrong it is.
I used to work at a Fortune 500 company years ago that had mandatory quotas that I had to meet in order to keep my job
@@luckydawg7176ok and?
This person must have worked there,sounds about rightl
That's why have whistleblowers
Facts,I seen it happening all the time ,my last job,👍
They profited billions and only required to pay $100M to customers and $150M fine? Banks will take that deal every time.
Hopefully, the real punishment will be a mass exodus of customers going to other banks. These fees are a drop in the water for them. I want them to really hurt.
@@thekaren1111 I understand what you mean. I agree that’s what SHOULD happen but it has not and will not. Our system caters to these companies and gives them slaps on the wrist for their misconduct. It’s sadly up to us to keep them in check.
Just don't get caught and they did. GREED! Change the laws and send them to prison.
Part of the lawsuit should include a clause that prevents the Bank of America from charging any fees for bounced checks for at least the next 5 years. That would be real justice and penalize them further.
Shouldn’t Bank of America pay this back with interest
no they're the bank the only time interest applies to them is when they receive it from consumers with your loan
Wow no sense of accountability. No public shaming. No wonder this keeps happening and will continue to happen.
DEVIL NEVER TAKES ACCOUNTABILITY
Bankers are rich and elite. The rest of society isn't. It is what it is.
This type of behavior will never change, only gets worse. They have nothing to fear from the cattle.
?? We all know those exploited bank customers will never see a penny of that compensation money... the clueless government tells the same greedy and corrupt people working at that bank to do it themselves, because they can obviously be trusted to do the right thing. (The inmates are running the asylum folks.)
Shame on Bank of America!!!
I got hit with the overdraft fee multiple times in high school. I remember being hit with multiple fees for the same charge and my bank account that was only overdrawn by -10 dollars turned into me owing BOFA -378 dollars from constant fees in just two days. Ridiculous.
That's why I left. I couldn't afford all those fees while struggling to make ends meet.
They did same to me
Had 399.00 in over charges and paid 13yrs bk around
@@rachelpena5619 they know they were scamming I was in n.d or would went after bank ...
....no bank of America there
Same here
It's very unfair to we the customers as these very bad guys don't get to pay for their mistakes. By understanding how Banks work, it becomes clearer why they ultimately fail. Do people even know Banks use a majority of their funds for their "personal investments"? Ever heard the saying cash is thrash? Just hold your money in more stable and lucrative ways and save yourself the stress.
Easier said than done. what are the alternatives
Sorry to jump in, but there a lot; gold, stocks, stable businesses etc. I know this cos personally I made my first million late last year from stocks and bonds which I have used to set up and put into the other things. The only downside is that you could also lose your funds which is easily remedied by using a professional or making very thorough inquiries. Good luck.
@@dannywalters958 ...Nice approach... I have been considering going into one or two of the listed ventures for sometime now especially stocks with no knowledge of how to go about it... You mentioned using pros, if its not a problem, do you mind telling if you used one or recommending a good one? I could definitely use one right now... I look forward to you replying...
@@titanjack3118 Yeah, I used one but that's cos I'm not so knowledgeable in the field and I battle with time constraints. Not really sure I'm permitted to go into details here, but mine is Abraham Adam Keith, and you could possibly find more through a quick search.
@@dannywalters958 Followed this thread outta curiosity and boom, I know this funny man. Once attended a fundraiser he was also in attendance here in Vancouver,, serious looking man with with a funny accent,, He's in the States though, I doubt he works with non residents,,,
What about past accounts?
I stopped using BOA because of fees and when I had a couple overdrafts I was charged like $120.00-$150.00 to pay back the so called interest from their overdraft loan, this was for a $20-$40 gas fill up usually because the gas stations took so long to actually bill the bank acounts... so thing got messed up sometimes
How do we recoup these fees in this lawsuit
I was back paid over $20,000 from them after a class action suit. This was on the military banking side so maybe you can check out more info on this suit.
@@salortiz6548 so wait about past accounts. My memory's a bit fuzzy but what that guy Said. Do past accounts count.
Same
Thieves with suits and ties and yet nobody goes to prison what a nasty joke this society has become. .....💀💀💀💀💀💀💀💀💀
I left Bank of America in my early 20s and started banking with a Credit Union. I’m now in my late 40s, and I have never looked back. 😊👍
We'll never actually see any money as a customer.
Sure you will like 2 or 3 dollars
@@Edwinstewart88 Just enough to buy a candy fun sized candy bar while those crooks can afford another yacht
@Pazo139 yeah that's insane then to use the name bank of America is a insult
People have gone to prison for writing bounced checks, but these criminals get away with it.
These banks still haven't learned. It was the consumers who bailed them out during the great recession & this is how they treat us. Its sickening !
What's there to learn on their end? They're doing better than ever and there's no consequences for their actions.
I used to work for Bank of Bank till 2021 as a Banker and all what they’re saying is true. I can’t tell you how many clients I had to help reserve those $35 fees during the lockdown. But trust me, the money they made this fine isn’t enough.
Guess all the negative news about them has been true. I shouldn't be surprised though. Evil greedy scum.
Mind Begs the Question:
If God prohibits Usury/Interest Banking
If a people prohibit it among themselves
Subjugate rest of World with it
Following Scripture,Violating Scripture?
RESERVE the $35 fee? What does that mean? I have an account at Bank of America but have NEVER (I’m 65+) had to pay an overdraft fee.
@@JoanBrown-j3eI think they meant they helped,”Reverse”,credit back the $35 fees during lock downs
Banksters
100 million dollars / 100 million customers is not even close to proper compensation for the billions that they stole.
So it's not per person then?
@@marcbright6758
Similar to how Facebook was just required to pay out a large sum of money, It gets divvied out among the customers which means everybody gets about $1 each.
@@NakedSageAstrologyNot me
BOA needs to see what is going on in France. These small fines are not punishment. They laugh at it. Companies that do this should have their back broken.
They did it, I worked for Bank of America and Wells Fargo both at call centers and they definitely had us employees opening up 7 accounts you didn’t need. 😢
Punishable by a fee just means it's legal for those who can afford it. There needs to be prison time or harsher penalties for those in charge who abuse their privilege and power.
BOA receiving bailout money and gives their senior officers bonuses when everyone else is suffering. Now we're hearing multiplying fees, creating fake accounts to meet quota, and withholding rewards from customers. Is it really a bank?
Let's bail them out again. That will teach them and other banks ethical practices.
You're so right they gets bail outs and low fines while the average working American struggles.
She gotta move lol let her blended family of sister wives she share the same STD's with Bail her out bc IM NOT PAYING FOR SHYT 💯🙌✅
Over 100k was illegally taken out of my Bank of America account and BofA is partly responsible for allowing the money to be taken out in California. By someone who is NOT related to me. This was done 2010-2015
I appreciate the way you take on challenges with such a positive attitude. You leave us with such a great impression. Thank you RATELHACKS for helping me withdraw my $245,099 back from scammers .
RATELHACKS
RATELHACKS
Via instagram
Glad it got handled in a timely manner....
If this was any other individual citizen opening accounts under your name it would be considered grand larceny and be sent away for a long time. Who is going to prison for this?
I've been screaming this from the tree tops for 20 years.
So $35 back when it could have been $150-1000 of "stress," "missed opportunities" or more.
Better than nothing i guess...
They should be made to credit all of those fraudulent fees correctly to those who lost money. Not just give out pennies, on the dollars, lost by customers... The fines will not be enough as a penalty for the fraud at all...
I quit them in 06 and never looked back.
this is honestly scary that they in this day in age they can be accused of that and makes me want to pull my money out asap!
Keybank did this to me back in the 80s with my student loans. They double charged me on overdrafts over and over until they took almost all of my student loan.
Yeah? I didn't realize that.
Banks don't care about paying a fine. It's the shareholders who suffer. Someone needs to go to jail.
That bank has been the worst since the 2000s
I’m 37 years old and I’ve had a Bank of America account since I was 16… I can only imagine how much they’ve stolen from me 🥴
Probably the whole 150 million
@@lynnturman8157 Even $1.50 is too much. This is sad.
Same and I have been homeless before because of their accumulated fees
Enough to go find you.
I too have been with BOA since I was 16. Im 31 years old and can confidently say BOA has never stolen from me
Some people say money just disappeard from their BOA account
"It is easier to rob by setting up a bank than by holding up a bank
clerk."
- Bertolt Brecht
This is why I left Bank of america. Are they gonna send me a check for all the money they stole for me. Even though I'm no longer a customer.
When do I get my money? I want to buy myself a burger!!
I worked for bofa and got fired I am SOOO GRATEFUL!! It was a terrible job and I hated the way I had to treat customers. Never opened fraudulent accounts but I’ve seen it done.
They will make it up in other fees, banks always win.
I'm really surprised at Bank of America.
I've been with them for 29 years.
I hope I get back some of what I might have been overcharged.
Thats like me getting a speeding ticket and only have to pay a dollar.
Citibank was doing this as well:
$3 bank balance
$5 end of month fee
-$2 in bank ($3 - $5 = -$2)
$35 Insufficent Funds fee
$40 a month for several months. ($5 Monthly fee + $35 Insufficient Funds fee = $40 )
I paid easily more than $200 in fees to Citibank when they were doing this to me.
I’m fighting with them right now over a transaction that I didn’t authorize and didn’t sign for. It was a split bill but the merchant charged my card twice instead. BOA still wants me to pay that other half and suggested I go to merchant to resolve it. They’re also charging me more for a rescheduled flight which I also sent them an email from a booking company with the amount which is lower. This bank is going down and looks like quick. I’m going to close all my accounts with them once paid off and everyone I know will hear about their stinky crooked activities against their clients.
Funny you didn't blame the crooks at the restaurant for charging you twice.
I would play this video in their lobby on ur last day there where everyone can hear
@@cookielapaz8927 They may have made a mistake which happens whereas BOA doesn’t care about their clients and this is based on my experience, people I know and now this…🤷♂️
@@byronjasper2873 no need to wait for the last day. I would play it yesterday 😅
@@milli_on4451 honestly no bank is going to refund you for that
I’m not going to see any of that money been with them since 2011
I know, right?! I had a better chance of getting paid by Wells Fargo for the same thing. I do believe I got a few bucks once for international exchange fees.
Yup
These fines are just part of the cost of doing business to these big firms. No one is being punished.
so is there a civil lawsuit for us to get our money back???
This sounds exactly like what Wells Fargo did about seven years ago, when employees were fired for opening unauthorized accounts in order to meet arbitrary and unrealistic quotas.
I don't blame the bank employees, I only blame management. They must've put the employees under enormous pressure to meet those quotas or forfeit their jobs.
Correct. I relieved a check for that out of the blue in March 2020 for $1300. No bs my sister got around $12k!
I never got a NSF from Boa, but I have noticed for a long time they reduced the cash back rewards and I never knew what happened.. but companies do this all the time. Even 7-11 rewards were reduced about 4 years ago.. I didn't know a company could be fined for reducing reward programs.
Once they continue to charge me even after I canceled my checking account. I knew to stay the heck away from.
bank of America Stole 300 dollar from me took and kept my direct deposits
Thanks for letting me know this is illegal. Former “Bank Atlantic” which got bought out by BB&T/BBX Capital did this to me as a broke 18 year old. It wasn’t even for an overdraft due to me spending money I didn’t have. I basically got penalized for not having a certain dollar amount in my checking account, which then placed me into “overdraft.” Then unknowingly, I was being charged $35 every month for “over drafting.” I saw the overdraft letters they sent every month but I thought they were reminding me of the one “overdraft”. I found out I was “over drafting” every month when I went in to close my account and they told me I owed $500+ dollars to close the account, which I luckily had in cash (from saved up lunch money) when I went in. I wonder what would have happened if 1) I didn’t close the account earlier and 2) I didn’t have the cash. Would my account just stay open and they add $35 into infinity? Knowing what I do now, I would have disputed it but I was naive, shocked and afraid when the representative told me so I just handed her most of what was my cash savings at the time, pretending that I knew that’s how the process went. I did a great job hiding my “shock”, trying not to act new to “adulting.” It really didn’t feel fair, which now this story years after confirms, it wasn’t! I would follow it up if it was worth my time now but I’m sure going back all those years into records of a bank I left that was also bought out would be a drawn out process. Every bank policy maker who gave this a green light needs to repent.
How far back can you go, because they set me up back in the day
How does the customer get their money
One of the reasons why I don't trust mainstream banks as all they care about is corporate greed. Then again my local credit union is really starting to head their direction as well & not happy about it.
Webster bank did that to me 2009 peak recession when I had a hard time getting a job as a mechanic. It was a brutal year. I only got $100 back for thousands that I got taken by over draft fees. They would hold onto them and then take them all out at once with the largest payment first and I’d get billed like $100 for 4 over draft fees
This is why I do most of my banking locally, mostly at my credit union, and still check my monthly statements.
They opened two accounts in my name and I have NEVER banked with them hem before. It. Was. A. Nightmare. And affected my credit score when I was finally able to close the bogus accounts.
When this happened to you, did you sue them ?? If not , if the statue of limitation isn't up, you can go individually and sue them this judgment that came down on them will most likely be under a class action lawsuit . But seek an attorney for advice .
Was it really BofA? Or was your identity stolen by a 3rd party and credit cards opened with BofA in your name?
It happened earlier this year. I guess I can’t prove it was BoA and not a third party. (How are the others proving it?) But it seemed fishy at the time and even more so now. How would a third party benefit from opening two empty accounts in my name and with my address so that the cards were sent to me and required my activation? They didn’t steal money from me, but - wow - the time I wasted trying to resolve this! They made me drive to a branch and sit there for four hours while they tried (unsuccessfully) to figure it out - and that was after spending over an hour on the phone. After that, it was still an issue for several months.
OMG!! I’m a victim of this scam I’ve had Bank of America since 2014.
How can I get my money back ??
Just another fine for doing normal business. Banks will keep doing this until a CEO goes to jail.
They have stolen so much money from low income familys like me an my fam
So first I had to join the Facebook lawsuit, now I have to join the BoA lawsuit, (and this case has directly affected me multiple times) 😩😆
Isn't that wire fraud? Why aren't those executives being charged?
I always felt like they where robbing my money,I just couldn't prove it,them blue collar thief's 😂
Anyone that still banks with the big banks that caused the last crash...ARE PART OF THE PROBLEM!
Open a local Credit Union Account. It keeps the money in YOUR neighborhood, and pays dividends NOT million$ to their shareholders.
Yes! I worked at a job that sometimes they didn’t deposit my paycheck on time and Bank of America charged me those $35 fees over and over again. Example, a coffee at Dunkin Donuts would cost me around $40! I hope I get some of that money back.
I’ll be waiting for my check in the mail and they better hurry up. Don’t care if it’s only 35 dollars.
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They were my mortgage holder for years. They did have serious problems, and it doesn't help your credit when they pretend you're paying late, to justify the fees, by delaying the deposit.
But bankers just don't care about your fees, as long as tax cheating is acceptable.
Hi everyone, I'm a business owner. I've been looking for some guidance on how to invest my money wisely and plan for my retirement.
@caseymuller3480 I'm also a professional. I'm interested in learning more about *Robin Brezik* . What do she do exactly?
@caseymuller3480 That sounds impressive. How do you know she is trustworthy and qualified?
@caseymuller3480 Thank you for sharing your experience with me. I think I will give check her out and see what she can do.
@caseymuller3480 Well explained, the best thing is investing your money rather than just leaving it in your bank accounts, where it ends up loosing it's value over time. I used to be a victim of this, until I met a financial advisor Robin Brezik , she explained to me why I must invest my money and have my retirement planned. Now I can proudly say I make so much every week from my investment and my retirement account is growing bigger and better. I am not worried of getting older anymore.
Scam
NOW….. there will really be 15 windows and only one bank teller open!!!!!🤯
How do you get paid
When wells Fargo got in trouble for similar things, I got a $28 check. The lawyers and the government got millions
NONE OF THE ELITES EVER GOES TO PRISON.
It’s hard to live with no money, and banks just make it harder with their punishment fees.
Time to pull out of Bank of America.
Should fine them a billion and fire every single person affiliated with the fraud, prosecute the thieves.! Same with Wells Fargo.
No matter what BofA has to pay, they are still going to come out having made serious money.
So who is going to go to prison for this?
I closed all my accounts with this bank in June of 2022. The bank was withdrawing by their computer from my account every 2 weeks and then charging me for the withdrawals. I never received a dime from the bank, and I don't expect to get anything now.
You need to seek an attorney for advice this just happened to you in 2022. Most definitely, you have a case of them individually ! Did you sue them when this happened ? If you didn't, you should most likely this judgment that was passed down on them probably come under a class action lawsuit !
If you haven’t learned your lesson about BofA and Wells Fargo yet then it’s on you at this point