I guess I know why everyone hates Bank of America.

RainMotorsports

RainMotorsports

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Ive had about 10 different banks in the last 8 years. All of them suck in comparison to BoA. I always assumed that if you hated BoA you probably had a mortgage or a loan with them and while this was well before the bubble burst, seems that thought was right.

Reason I hate most banks is the inability to see balances the moment I use my card, have my money in my account the moment I deposit it when the banks branch is open. All things BoA did and once they got the ATMs you can deposit checks and cash directly into without envelopes it just was over the top. I saw the 1 dollar hold on my account today before I even finished pumping the gas that hold was for. Many banks have gotten better but BoA was better at it long before the others we have here. I think they were also the first bank around here to have ATMs that you can pull 10s from which when your a broke ass, matters.

Out of many odd cases both fixed and unfixed and many victim to the usual computer error I found these of interest.

- They tried to foreclose on the owner of a building that solely houses a.... Bank of America Branch......!

- They threatened to foreclose on a man if he did not pay the $0 balance on his mortgage.... okay so computer errors happen.

- An elderly couple made a payment too early and was disqualified from the "Home Affordable Modification Program" for not making the payment in the month it was due. BoA did not do anything to help them.

- They tried to foreclose on a house that was removed by a Hurricane 2 years earlier..... I mean sooner or later you send someone to the door right?

- Tried to threaten foreclosure on a house a family sold 2 years prior and it was over a dollar that they did not owe. 5 months after being resolved it had not been fixed.

I understand when automated shit spits out a funny number and we have to call up to get shit fixed but alot of whats wrong with the banks and the government is ridiculous. You would think when you owe an a couple dollars instead of taking your house the person putting in all the paper work would just send that to the right place to be resolved.

But no, say a couple in Baltimore city bought a house, renovated it and then it was taken from them and sold over an 11 dollar water bill owed to the city. Not sure where that ever went but initially there isn't shit you can do about it except talk to a lawyor and wait a really long time. The water bill was sent to the house where no one had lived before during or after the purchase and now that its sold... 100,000 dollars in actual not financed money was lost over 11 bucks.
 
I use USAA.I love it thus far. They dont have any ATMs so if they repay any ATM fee you incur. If you get a credit card with them, you can have any overdraft go right to your credit card(or savings account if youd like). Paying off the credit card is easy as its all under one menu. You can also add your other banks to one management screen to keep appraised of all the balances. If you ave a credit card with them, you can scan or take pictures of checks to put them into your account, or take them to an UPS store. Low rates on their credit cards as well (10% apr)
 
I agree with bot, Hands down USAA has been the best bank experience I had. Before them I had NBD, Bank one, and Chase.

I tried to close an account with chase, Before it could be closed I had to move the money to another account( to my USAA acc). When I did this, I got hit with an minimum funds fee. So now my account was -25$. Took me three weeks and threatening that I would get a lawyer.
 
I have wells fargo - its alright. Wish I would've seen this tread a year ago tbh.
 
One of the tricks that I hate that many banks do is not deposit your money from a paycheck right away. There is a minimum holding period. Yet when you walk in and cash a check they have the ability to verify funds on that checking account within seconds, so why don't they apply that to paychecks? In Ohio here I use Charter One, but I sure do miss my Florida bank that actually trusted your deposits and funds were immediately available even if you used the ATM to make the deposit. That was a nice feature they offered. I have yet to find another bank like them. I wonder how many people deposited a blank envelope and ripped them off though?
 
Another one here for USAA. For years I used Commerce Bank, a local bank, until they were bought out by TD Bank. After the transition to TD they became just awful. I use USAA for my automobile/homeowner's insurance as well as a credit card and traditional banking. The best part is since I switched my DoD pay check actually goes in a day earlier. They also have some great rates for their insurance. If anyone here is currently serving or is an honorably discharged veteran it's definitely worth looking into.

*disclaimer*

No I don't work for USAA.
 
I have use Liberty Bank which is a connecticut based bank. Had them for 10 years now and never had a single problem. They refund any atm fees, checks go into available funds immediately, they will refund up to 5 overdraft fee's per year no questions asked. I used wells fargo when I lived in arizona and had some issues with them holding funds. Aside from that I have only every used liberty for a bank account. Loans I have used charter oak, and 5th 3rd bank. Charter oak was excellent except no online payment at the time. Stay away from 5th 3rd, they are a pain in the ass to work with. In order to get auto withdrawal you need to go to the bank in person to open a checking account and have funds transferred from there. Its a PA based bank and i live in CT so a bit of a problem there. They also charge you for phone transactions, internet transactions, and whatever else they can. Needless to say I transferred that loan out of there within the first year.
 
Bob369963 said:
One of the tricks that I hate that many banks do is not deposit your money from a paycheck right away. There is a minimum holding period. Yet when you walk in and cash a check they have the ability to verify funds on that checking account within seconds, so why don't they apply that to paychecks? In Ohio here I use Charter One, but I sure do miss my Florida bank that actually trusted your deposits and funds were immediately available even if you used the ATM to make the deposit. That was a nice feature they offered. I have yet to find another bank like them. I wonder how many people deposited a blank envelope and ripped them off though?
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Right, with BoA on my account type when I deposit a check into the ATM (Remember no envelope needed, check is scanned and info is printed onto the check). The first 300 dollars is available immediately and the rest clears the next day. Since my checks are usually no more than twice that amount its not too bad. But If I need it all and the banks open I go inside cash it and deposit cash into the ATM because cash deposits are 100% there the moment I desposit. They say 8PM is the business day cut off for that but Ive never had an issue.
 
Yeah Rain I forgot about that one. I cashed a check and then turned right back around to get in line and deposited the cash and it was available right away. Imagine that. The teller that cashed the check was looking at me strange.
 
BOT#00001 said:
I use USAA.I love it thus far...... Low rates on their credit cards as well (10% apr)
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I've been a USAA member since 1978 ( 34 years ). One thing you had to be a Military Officer, spouse of or dependent of to join. I have my insurance with them as well and I get a refund check every year for X.XX dollars. They are based out of San Antonio and hands down the best bank in my experiences. BOA can suck my cock. They should rename it to BOT, Bank of Thieves.

I use Regions Bank for my personal checking/savings. I've never had a problem with them but Banks are Banks and most are out to screw you in whatever way possible.
 
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