Update by user Jul 05
Update: My father managed to get the fraud accusation reversed. Pending debit reversed, accounts won't be closed. That being said, after the accusation of fraud with no explanation of why we're being accused nor the chance to defend ourselves, we will be taking our services elsewhere as soon as we have access to our funds again.
Original review posted by user Jul 03
My dad had some transaction happen as a debit from his account. Bank flagged it as suspicious, dad called number to verify it.
Apparently something that was said the bank didn't like, so they marked it as fraudulent, debited MY OWN account (not my father's) $888,888.88 to "cover their losses" and are closing our accounts over it.
They've essentially blocked me from accessing my own money over something that wasn't even an overdraft nor my own transaction, and there's nothing we can do about it until Monday because it's 4th of July weekend starting tomorrow.
Do not bank with this bank. One wrong move and they'll effectively destroy you.
Reason of review: Unwarranted transaction on uninvolved account..
Monetary Loss: $888889.
Preferred solution: Reverse the $888,888.88 transaction as I did not authorize it nor was it my account that caused this whole issue, or ensure this problem does not hurt my credit score and credibility trying to bank at other banks..
Bank Of America Cons: Poor service.