Bank of America Are Rats (Page 2/3)
FriendGregory FEB 05, 04:38 PM
I worked for Bank of America for 13 years visiting many branches and departments every day. There is a lot of off books, arm twisting and threats to break corporate knees by local and federal government. I would be sure that this is one of those moments, neither the branches of departments want to make an extra keystroke that will not come back to them as income - unless it is under threat of "REGULATION". Pretty much all regulation costs them some bottom line and never benefits them.
It was this confidence in the bottom line that I was comfortable pointing hundreds of thousands at their stock when it was crashing.
blackrams FEB 05, 07:56 PM
A lawyer (friend of mine) sent this to me in an email today. I think he hit the nail on the head.



quote
There was no warrant (only a request). All banks could/should and have every right to request one (or a subpoena).

What they did was purely voluntary and not illegal per their customer agreements (or they'd get sued plenty).

But it demonstrates a complete lack of customer loyalty or support. Customers should act accordingly.

If a govt agency asks a bank to violate customer privacy and they do, the fault is not the govt agency for asking.

I have done no business with any mainstream banks since one cancelled my only credit card while serving remotely overseas in the military (where it was not accepted anywhere) for non use, and didn't bother to even tell me (while still facially valid). I found out after I did use it (TDY elsewhere in Europe when I needed a bed/room badly) and was rejected. I thanked them for supporting the military, and got no reply.

I once walked into a military credit union right outside our gate in uniform. I told the manager we were investigating a member for abusing blanket travel orders by taking partial travel advances for TDY trips he never took, pocketing the cash, and never closing those travel pay vouchers out. I understood that he had been having trouble with this credit union with multiple overdrafts on his accounts (and we were pretty sure he was covering his overdrafts with his fraudulent travel advances). I showed the manager my paperwork proving an ongoing investigation. I asked if I could have a copy of this member's credit union records for the instigation. I told him I could get a subpoena or warrant if he wanted one. He said it wouldn't be necessary. Both the USAF and the credit union were being scammed. Predictably, there were multiple days when he had drawn travel advance cash and walked the money over to the credit union to pay off his overdrafts.

This is not the same as a bank doing a fishing expedition on thousands of customer accounts.



Rams
Raydar FEB 05, 08:19 PM

quote

...
What they did was purely voluntary and not illegal per their customer agreements (or they'd get sued plenty).

But it demonstrates a complete lack of customer loyalty or support. Customers should act accordingly.



Bank of America has been "sketchy" for years.
I forget what it was that they did, originally, that pissed me off so badly, but is was enough that I swore I would never give them a dime of my money.
Stuff like this, and other things, have done nothing to change my mind.

Personally, it chaps my azz that my company even has one of their ATMs in our lobby. But it's all about the $$$, I suppose.
But then again, the last time I was in our building, it was like a tomb, since most of us are teleworking.
blackrams FEB 05, 09:12 PM

quote
Originally posted by Raydar:


Bank of America has been "sketchy" for years.
I forget what it was that they did, originally, that pissed me off so badly, but is was enough that I swore I would never give them a dime of my money.
Stuff like this, and other things, have done nothing to change my mind.




I used to bank with BoA. Had a problem with them and swore I'd never go back also. What ever it was, it wasn't the local bank issue, it was their corporate policy.

Let's face it, it's all about money. But, when it's my money and my transactions, I take it personally. They should not be so willing to share with Uncle Sugar.

Rams
randye FEB 06, 02:46 AM
BoA is no different than Wells Fraudgo, Chase or any other bank.

I stopped using commercial banks over 25 years ago and have never looked back.
blackrams FEB 06, 07:27 AM

quote
Originally posted by randye:

BoA is no different than Wells Fraudgo, Chase or any other bank.

I stopped using commercial banks over 25 years ago and have never looked back.



Really, I'm curious just how one does that?

No credit cards, no debit cards, no electronic banking? Do you pay your monthly bills with cash?
I'm really curious as to how this works. Please enlighten me.

Rams

[This message has been edited by blackrams (edited 02-06-2021).]

LitebulbwithaFiero FEB 06, 08:43 AM

quote
Originally posted by blackrams:


Really, I'm curious just how one does that?

No credit cards, no debit cards, no electronic banking? Do you pay your monthly bills with cash?
I'm really curious as to how this works. Please enlighten me.

Rams




Credit Union?
blackrams FEB 06, 08:57 AM

quote
Originally posted by LitebulbwithaFiero:


Credit Union?



I thought about CUs but, having just left one, I wasn't aware of any major differences. There probably are and I'm just not informed.

I moved all of my banking to USAA, my insurance company. Open to all Veterans. I've had my insurance with them for decades and they are outstanding, I highly recommend them.
In banking, they have no ATMs and to my knowledge no actual brick and mortar bank. When I go to any ATM, USAA picks up any charges that bank/ATM charges. Just about all my banking and bill paying is done electronically.

I'm really curious how Randye operates with no commercial banking or maybe, I'm just not understanding what he means.

Rams
olejoedad FEB 06, 09:13 AM
I haven't had a 'bank' account for years.
blackrams FEB 06, 09:26 AM

quote
Originally posted by olejoedad:

I haven't had a 'bank' account for years.



So, if I write you a check for some logs or firewood from a tree that you had in your yard, how do you cash a check to youself?
Do you not accept checks?

Rams