Georges Marciano for Governor of California 2010

January 18, 2009

Is your Bank of America account statement accurate?

Filed under: Uncategorized — Georges Marciano @ 9:49 am

After reading this blog please tell me something about yourself, and thanks for reading my blogs

So, you get your bank statement in the mail and you read it…it looks good everything looks to be accurate…..or is it?

It is just like the news paper, just because it is in ink does not make it accurate or true….. As many have discovered when they go to the bank and all of their money is  gone.  How do you really know if the information is correct?  The only way is to go and withdraw the money in cash and count it yourself.  We can no longer trust the banks unfortunately as Georges Marciano has discovered.  His own accountant is suspected of opening over 200 bank accounts without his knowledge and withdrawing thousands of dollars from his bank…Bank of America not only did not check with him to verify that this person could withdraw funds but they allowed over 200 accounts to be opened….you think that would have been enough of a red flag….  One of the most rediculous things is that Bank of America has on its website with the audacity to offer identity theft protection on a fee basis.  Are they kidding?  They are ranked one of the top two banks in the country for identity theft.

What do you think?

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10 Comments »

  1. A friend of mine just emailed me one of your articles from a while back. I read that one a few more. Really enjoy your blog. Thanks

    Comment by Mike Harmon — January 4, 2009 @ 10:46 pm | Reply

  2. I have found Bank of America impossible to deal with and very rude. My husband opened a savings and checking account in the spring in both our names and BOA gave us both a debit card. I have never used the account. Then in the fall, my husband died. We had about 1200 dollars in the accounts. So, I went to the bank and took the death certificate and wanted to close out the accounts. But, was told I would have to see an officer, which I waited 30 min. to do, but had an appt. and had to leave. Next statement, the acct. was down by about $400. so I went back and talked to a loan ofcr.to tell them to quit paying out the auto drafts, the acct. was suspended. Yet still, I was unable to close the acct. Now in Jan. they are saying I am $276 overdrawn, and I can’t close the acct. until it has a zero balance. Most of the charges are overdraft charges of $35. apiece, since they would allow me to close the account last October. I cannot get anyone to make any sense. They are just swiping the money out of the acct.

    Comment by Brenda — January 19, 2009 @ 3:03 am | Reply

    • I agree, and it is more than rude….. It is like they don’t even listen to the customer. Bank of America has tried the similar thing with another person, they allowed illegal transactions on a closed account for two years and then reported that person to check systems. I know you can send a complaint to the Comptrollers office, consumer affairs. However, what else do you think can be done to push for better or at least some customer service at this bank?

      Let me know your thoughts and thanks for the comment it is appreciated.

      Comment by o8justiceforall — January 19, 2009 @ 2:25 pm | Reply

  3. We had a strange problem with bank of america-where we had a rental car for months of aug and sept- paid for by our auto insurance. We returned the car
    and payment was complete. Then a week before christmas, we noticed an unauthorized deduction of $700 from our BOA account.
    We called and complained – to no avail. The amt strangely appeared in our acct the next day. But then a few days later it was deducted again. We called alot and complained and then it reappeared. But, we had never authorized the payments. Plus, in our online statements there was no record of the payment being deducted and then being credited – it was like we were imagining it had happened.
    Ok – so we got our $$ back – but the whole thing rattled me b.c of bad business practices – and UNTRACEABLE transactions…..

    Comment by np — January 22, 2009 @ 5:28 pm | Reply

    • Absolutely, this is just another thing that Bank of America does to its customers…. What happened to basic customer service, the customer is always right, and just good business practices? The other basic item is the reason we put our money in the bank is to keep it secure…?

      Did they ever respond to your questions?

      Comment by o8justiceforall — January 22, 2009 @ 8:38 pm | Reply

  4. You want to hear another Bank Of America customer service screw-up. I got a notice from BOA that they where(did even after opting out)going to change my credit card account from a 9.9% fixed rate to a 18.99% varible rate due to a black mark on my credit. So I contacted the Credit Rating
    folks at Experian(not sure of the spelling) to see what the black mark was and from whom it came and GUESS what it was BOA. They black marked my credit report because I paid my house OFF 7 years early on my mortage. I didn’t take my loan out with BOA but it was sold to these BASSHOLES without
    my knowledge or consent. I have tried talking to these folks to no avail. Since I and we as a nation (USA) now own BOA they need to wipe all credit card debt out and clear the books.

    Comment by Terry Capps — January 23, 2009 @ 7:41 pm | Reply

    • Thank you so much for the comment, it is outrageous how they not only treat their customers with disrepect but their business practices are apparently according to the multitude of complaints coming from their customers. I have another story of a customer who while he was a customer had a great track record with them, then he closed his account because he moved out of state….he was informed two years later at another bank that he was reported to “Check Systems” this was going to keep him from even being able to open a bank account… He did research and he found that it was Bank of America that had reported him for transactions on an account that had no money in it…the problem is the account had been closed for two years……they allowed someone to make purchases from an account in a state he never lived in on an account that was closed ….and they reported the good customer ……he finally got Bank of America to give him a letter saying it was their fault but it took over a year. How does this happen? How in good conscience can these people sleep at night?

      Comment by o8justiceforall — January 23, 2009 @ 8:00 pm | Reply

  5. Went to BofA in Merritt Island Florida today to deposit $500 cash in my sons account as I have for the past 3 months. I have always done this with his name, address, and birthday. They refused the deposit without the account #. Their reason was the biggest bunch of BS I have ever heard. They said if I was in a nasty divorce with my wife would I want her finding out I have an account there. I told him I was not married to my son and I would not need to deposit $500 to find out that info. He said it was a branch decision. When I contacted their corp. office they knew nothing of this rule to deposit money. They are looking into it. A few months back BofA had my daughter’s accounts so messed up I had to threaten to stand outside their branch with a sign stating what they were doing. Amazingly 30 minutes later they were closing her accounts and re-opening new ones. The following Monday an officer from their corporate office called to apologize and assured her that that branch would be getting further training. About 2 weeks ago she found out that they failed to close out the screwed up accounts and service charges had accumulated against them. In short stay away from this incompetent institution. If they choose to refuse you to deposit cash money into your account they could refuse your withdrawal.

    Comment by rod — January 27, 2009 @ 10:00 pm | Reply

    • I am very sorry that you had to go through such a situation. It makes a person feel helpless and that their money is held hostage. It is not only basic customer service that they are failing with it is their obvious failure to keep accounts straight. I have heard so many stories that it is horrible that we the tax payer are bailing out Bank of America yet again….when did they ask us our opinion?

      I hope you the best and spread the word that we the consumer will not just take it anymore.
      Sincerely,
      Goerges Marciano

      Comment by o8justiceforall — January 27, 2009 @ 11:09 pm | Reply

  6. Bank of America’s Kenneth Lewis recently acknowledged that the revenue received from OVERDRAFTS and other services fees would be sufficient to correct for the bank’s improper loan activities resulting in billions of dollars of losses. What is interesting to note is that the way Bank of America does business is A SCAM – A REAL MAFIA-type SCAM – they actually ALLOW CUSTOMERS to OVERDRAW as a COURTESY and then charge them $35 fee. I ate at a fast food restaurant and used my debit card for $3. When I walked out, I owed $38! SHAME ON BANK OF AMERICA. A $0.00 is a $0.00 balance and no further transactions should be allowed without the customer AT LEAST BEING INFORMED that the transaction will cause the account to become negative.

    Comment by tj rolls — March 15, 2009 @ 10:43 pm | Reply


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