I hate Bank of America (BOA). They make it so unpleasant to do any business with them. I used to be a customer, but when I lost my job and money was tight, I found they just wanted to see me in the red. They apply your debits before your credits, and they apply the larger debits first so you may end up having more negative transactions they can charge you for. Then there were the holds on my checks, some longer than 2 weeks - for my paychecks when I did find some work.
The final straw was when I called the branch to address the issue. The bank manager told me that he’d look into the issue and call me back. I asked when I might hear from him. He said within a half hour. He never returned my call.
When I changed banks, not only were the tellers friendly - they were helpful. When I brought in a check that would have a hold, they let me know and informed me how it might be avoided. If I went to the originating bank and got an official check, they would apply the value that night. BOA never disclosed this kind of helpful info. I’m no banker; how am I to know? While with BOA, I was drowning, trying to manage my money when I had no way of knowing when it would be available.
I was all too happy to close my BOA account, but I had to deal with them again today when I got my first paycheck from my new job. I didn’t get direct deposit yet and so needed to deposit a check. My new bank disclosed that it wouldn’t clear right away and advised me to go to BOA and get cash, warning me BOA would likely charge me for cashing it. I reluctantly drove to the nearest branch.
No one acknowledged me when I walked in. When it was finally my turn after a very long wait (and there was only 1 person in front of me in line), I handed them my check and asked for cash. The teller asked for my debit card. I told her I didn’t have a checking account with them anymore, though my husband did. She took my check and did whatever tellers do to process it without saying anything to me.
While she was working away, I checked my pay stub and saw the number I would be expecting: $XX99.20. I decided that it would be easier on both of us if I dug 80 cents from the bottom of my purse to make it a round number. I handed her the change and explained why. She took it without comment.
Right before opening her cash drawer, she informed me that there would be a $6 charge. I asked, “Even if I have a credit account with you?” She looked annoyed and said, “You didn’t tell me that.” She also hadn’t asked and hadn’t told me about the charge until then. She re-did whatever tellers do and silently counted out the cash behind that ridiculously tall wall they have so you can’t see the money. She never counted it out for me. She didn’t give me a transaction receipt. She just put the money in an envelope and handed it to me. “There you are.”
I trusted everything was in order and went back to my bank to make the deposit. I filled out the deposit slip for the nice, round number and took the envelope and deposit slip to the friendly teller who acknowledged me and talked to me like a human being. Then she took the money from the envelope, and two dimes spilled out with the cash. She counted it 4 times in front of me.
I made the observation, “If you were counting out those little bills, don’t you think you would have remembered that I’d handed you the change to round it out just a couple of minutes before?” She chuckled a little and agreed. Before I left, transaction receipt in hand, I helped myself to 2 cookies, one for me and one for my son while another patron helped herself to some fresh coffee.
The lesson is this: BOA gives me attitude, bad service, bad money management, fees for everything, and tellers who can’t add 80 cents to an amount. My bank (Capital Bank) gives me friendly service, assistance when I need it without having to ask for “special treatment,” warm Otis Spunkmeyer cookies, and fresh coffee. I leave happy, which makes me LOYAL. It frustrates me to no end that BOA is labeled”too big to fail.” They are terrible and deserve to fail.