Avoid Bank of America

1.0
Details
Don't use smart-phone app for depositing checks to this bank. They randomly hold large deposits (over $5,000) for an extra 2 weeks. This really hurts your cash flow and lets them sit on the funds for their use. Always go to a teller. You get next day availability of funds. Or better - go to another bank.
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3 comments
Rutger
#1790806

They don't just hold large checks. They held a $460 check & a usps money order for $1,000 for 11 days.

This bank is horrible. Avoid

Anonymous
#1787853

There's nothing "random" about a hold on a $5K check. Funny thing, it's in terms YOU agreed to or did you bother to read them?

Anonymous
#1804763
@Anonymous

In the age of Check 21 there is no excuse for such a long hold. Funds can be verified the same day if they wanted to do so

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Review
#1715742 Review #1715742 is a subjective opinion of poster.
Product
Bank Of America Check Deposit
Cons
  • Sit on your money
Reason of review
Poor customer service
Loss
$5434
Preferred solution
Deliver product or service ordered

On line banking | Bank Of America in Browns Mills, New Jersey

1.0
Details
Once again the online banking site is down to a slow crawl and some of the options are missing. This seems to be the nirm lately rather then the exception. You would think thst all the money they save by payoling virtually zero interest, they could afford infrastructure or some one that knows how to manage a website
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Review
#1641309 Review #1641309 is a subjective opinion of poster.
Product
Bank Of America Check Deposit

BoA is a scam | Bank Of America

1.0
Details
Deposited 1.2k from mobile check deposit option. Friday the 14th. Expected 2-3 days with 200 available. They told me 0 was available and it had a hold placed on it expected to be lifted Wednesday the 26th. My work manager told me the cash was already taken from her account on Friday the 14th and it wasn’t pending. BoA still refuses to release ANY funds as of Wednesday 5/19. SCAM
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Review
#1563133 Review #1563133 is a subjective opinion of poster.
Product
Bank Of America Check Deposit
1.0
Details
I deposited my disabled children’s government issued SSI checks into my account and received a deposit slip showing the funds would be available the next day. I checked the bank app and it showed the funds were available to cover items and checks posting the next day....
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1 comment
Anonymous
#1685845

You expect BOA to have any empathy- they only value the almighty dollar. Brenda Earls of Gaffney, S.C., tried to honor her next-door neighbor, Marine Lance Cpl.

Christopher Fowlkes, who was killed by a roadside bomb in Afghanistan, by planting flags along the route the casket would follow. But a Bank of America branch manager pulled the flags from the bank's property, citing "corporate policy." … Bank of America, which has received $45 billion in federal loans as part of the government rescue of the financial industry, … Earls said she watched Fowlkes, 20, grow up in her neighborhood. Planting the flags, she said, was the least she could do to honor him…. But when she placed one on Bank of America's property, a branch manager ran out of the bank and told her she couldn't do it, she said… "This is a financial institution and this is our policy," Earls recalled the manager saying….

How can you trust BOA’s business culture when they can’t even do the right thing for a Marine. BOA is loyal to the mighty dollar not the US or customers. With this business culture do you really think they care about their customers. - Bank of American CEO Moynihan received a total compensation of $21.8 million in 2017, which included stock awards and health insurance benefits.

That compared with $87,115 for the median BOA employee. - Bank of American made $26.3 M on political contributions (since 1989) and $37.9 M on lobbying (since 1998).

But yet BOA can not pay respect to a US Marine who gave his life for his country…. VERY SAD.

Review
#1527430 Review #1527430 is a subjective opinion of poster.
Product
Bank Of America Check Deposit

3 checks deposited from the same source, one held for an unreasonable amount of time | Bank Of America in Auburn, Massachusetts

3.6
Details
After finally receiving my back payments for workmans comp, 2 small checks and one large check over 15,000.00, a hold was placed on the one check for 15,000. I can understand a hold but for over 1 week is not ok especially when the other two smaller checks from the same source cleared.
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Review
#1438694 Review #1438694 is a subjective opinion of poster.
Product
Bank Of America Check Deposit
Reason of review
Problems with payment
1.0
Details
I deposited a business check over $6,000. The teller informed us that $200 will be available next day, the remainder would be placed on hold for 5 days $4800, and 8 days $1600. Didn’t receive $200 the next day. Called customer service , said they dont know where the...
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1 comment
Anonymous
#1782242

Time for Congress to look again at predatory practices by these banks hidden in the abuse of “security” BOA doing exact same to me. A check from national bank supposed to be held 5 days they said in deposit. Get home amd see online now 10 day hold

Review
#1240131 Review #1240131 is a subjective opinion of poster.
Product
Bank Of America Check Deposit
Reason of review
Problems with payment
2.5
Details
I recently deposited a check into my account, not thinking much about it. I wrote out some bills , I went to check my account using my BOA app. I couldn’t believe my eyes! My account had a negative balance. The check that I had deposit was being held for three weeks....
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Review
#1207841 Review #1207841 is a subjective opinion of poster.
Product
Bank Of America Check Deposit
Reason of review
Problems with payment

Horrible | Bank Of America

They play god with your money you deposit a check and it’s suppose to have a two to three business day hold I called bank it was issued they said the sent the funds to my bank well Bank of America says they are holding my money for five more business days to make sure the money is not returned omg who heardbof this what are they talking about never heard of this and when u call for help your calling a call center and they cannot release your funds what
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Review
#1196503 Review #1196503 is a subjective opinion of poster.
Product
Bank Of America Check Deposit
Reason of review
Problems with payment
1.0
Details
I am very upset and disappointed about my experience with Bank of America. They should be named the worst bank. I have spoken to 3 customer service reps, 3 managers and my issue still has not been fixed. I deposited a TRUST FUND check into my account and they are...
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2 comments
Anonymous
#1394008

Fire this bank and move to a credit union or a small community bank.

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Review
#1134437 Review #1134437 is a subjective opinion of poster.
Product
Bank Of America Check Deposit
Pros
  • Many locations
Cons
  • Overall failure for a good long term customer
  • Bank policies
  • Incompetent and ineficient
Reason of review
Poor customer service
Loss
$6000
Preferred solution
Deliver product or service ordered

Bank Of America Reviews

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Bank Of America reviews

Holding a deposited check as long as they can | Bank Of America

Holding money from a deposited check as long as they can so they So they can use the money in their loan system.
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Review
#1090306 Review #1090306 is a subjective opinion of poster.
Product
Bank Of America Check Deposit
Reason of review
Problems with payment