I tried to spread the word over that poor soul who was arrested for checking on (asking if someone else’s BoA check was good) a fraudulent check he was given in a craigslist scam months ago.
But here’s a reason to hate them even if you don’t bank with them. If you’re in a pickle and use one of their ATMs, it costs you $5 to take out your $20. – $3 ATM fee and $2 out of network fee but, they only have the decency to tell you about one of them. The other will just be a little surprise for you later on. Enjoy.
Avoid Bank of America.
(Interesting tidbit, banks make more on fees than on interest. How crazy is that)?
UPDATE: Tear up that Credit Card!
How does Bank of America reward its loyal customers? By jacking up their interest rates!! Yay.
This is not only for those who have fallen behind on their payments or whose credit scores have dropped but for any customer whatsoever. BofA sent letters to its customers saying that they would more than double their interest rates to as much as 28% without giving an explanation for the raise in rates.
Business Week calls it, “a credit card you want to toss.” We couldn’t agree more.
I hope the next advertising tagline is: “Bank of America the scourge of the banking industry.” They can afford to be truthful. No one can do anything about such a behemoth.