Comments on: Bank of America $75 Checking Account

By: glms1997

glms1997 — Thu, 03 Dec 2009 23:33:25 +0000

People, I know $100 seems a lot nowadays, but so you know I had to report them to the BBB for not committing their promotional ad. I opened my account in August 2009 and in Nov. 2009, I inquired about and the customer serivce played games online with me. They said, ” you should get your money soon”, but then they sent me a letter saying I was not qualified for the $100 pomo. Their excuse was the trial dep my other bank made before they made my initial dep. I’ve made my $250 initial dep, but they make all kinds of excuse and finally reported them to BBB. Tom Martino here in Colorado did not care, so I did the complaint on my own. Within 2 weeks they gave my $100. BofA are scam and taking advantage to a lot of people. I gave them a chance and now I am looking forward to close my account with them!!!

By: Brian

Brian — Tue, 01 Dec 2009 07:45:14 +0000

Goto facebook and join group
I hate corporate…bank of America

By: SavvyLiz

SavvyLiz — Thu, 12 Nov 2009 01:24:35 +0000

I have been depositing funds all month to pay my bills via online payment. I noticed on my last deposit that the teller had posted over 600 to my savings rather than my checking. I ran home, transfered the money through my online banking, and dropped off my rent check. Over the weekend & on Monday my balances and statements were accurate. By Tuesday morning, the rent check still hadn’t posted. I also noticed my balance was over 500 short of the amount it should have been. So I scrolled down the checking statement….
11/06 …625 transfered from savings to checking
11/09….533 misc. withdraw ?????????????
So I checked my savings balance…it had no record what so ever that there ever was 625 in my savings account. (deposit or transfer)
PANIC
I went into the main branch and waited patiently while the customer service reps chatted…24 min….
I showed the rep my printed out statements with the areas of concern highlighted.
She said that I must have “seen” the money in the savings when it was really in the checking which it wasn’t) and that there was nothing they could do. WTF?!
Yes, I magically called up $533 from my checking account…visualized it in my savings account…and transfered it to my checking account.
I may not spell worth a damn, but I’m not a stupid person. They didn’t have an explanation for the missing money, other than to say that I was wrong about it ever being there. How the hell do I pay my rent when half of it was “never really there.”
Bank of America is the worst financial institution I’ve ever dealt with!

By: Amber

Amber — Wed, 04 Nov 2009 22:31:38 +0000

boa is a business, it uses business tactics GO FIGURE LOL

By: Victor

Victor — Thu, 18 Jun 2009 21:55:36 +0000

Skank of America is GUILTY o false advertising and shady practices, using any technicality to get out of paying the “incentive bonus offers”. They had a technical issue with my $500 initial deposit and instead counted a subsequent $39 deposit to deny me the $75 bonus. They cheat, they lie – but are any of us really surprised?

By: Scott

Scott — Sun, 26 Apr 2009 01:19:34 +0000

Yes I hate BOA that’s why I make money form them every year. With in the last two years I made over $300 free of charge. They never made a penny off of me. I always keep the minimum balance in the account to get the bonuses. If you hate BOA take advantage of them, it’s fun and very satisfying! and use the money to take a weekend get away with the free money you make from them.

By: MM

MM — Sun, 04 Jan 2009 02:26:39 +0000

I recently opened a MyAccess checking account with B of A that offered a $75 bonus to existing credit card account holders, and I received it very promptly (within 30-60 days of opening the account), without any hassle at all. As far as I’m concerned, this is how *I* get *my* federal bailout money–indirectly through the banks! I am always very careful to follow every rule and save all of the offer pages for reference just in case.

By: mrpaseo

mrpaseo — Tue, 16 Dec 2008 03:55:57 +0000

You have to go into these deals with the knowledge that they do not want to give you the free money. The banks will do anything they can to get you to faulter to their rules, usually time delay is the largest tactic. It’s up to you to stay on top of these deals and if you stay within the limits of the rules, you will get your money.

We received our $75 dollars as well as our $125 from Chase. If you go into these deals thinking the bank is happy to give you the $75 then you need to find another way to obtain free money becuase your going to set yourself up for stress. Think of it as a game, what I did is made a goal to raise $500 dollars by the end of the year (I started in the middle sometime), as of yesterday I am at $400.50 in all, I have not received one bonus but really have not persued the venue since I opened it (a 50 dollar bonus from http://www.sharebuilder.com

Try to keep an open mind, understand that it’s a game between you and the bank to get their money. Consider each payment a win, then use that money for your next deal.

Good luck

By: Sand

Sand — Mon, 18 Aug 2008 16:00:51 +0000

Ok I have been on the website today for 3 hours trying to find out the best account for my 18 year old son that was given alot of money when he turned 18 and also asking them about the 75promo for just a simple checking account for him not for the money inherited but for his checking account for promo of75 one rep gave me a link, i timed out and then chatted on line with 4 others and NOBODY knew anything about the 75 promo…so I googled it, and came across this…..I don’t think I now want my son to even put his million in this bank, I thought because they were such a “BIG BANK” in Florida that they would be great. I have checking/savings w/ them but never was told about a promo other than the 25.00 thing when open an account. I would go to the branch but…have a broken leg and cannot drive and I am NOT sending my newly 18 year old son there because they certainly will take that cashiers check and then what so…anyone have suggestions

By: Sand

Sand — Mon, 18 Aug 2008 15:56:27 +0000

By: Lil

Lil — Wed, 16 Jul 2008 21:28:33 +0000

BofA does suck. I tried to get the $100 deal a while back. I was really careful when I signed up, read all the fine print too – but either they initialized the wrong kind of account, I made a mistake, or they didn’t honor the offer, because I ended up with a savings account and no $100. When I asked them about it, they couldn’t tell me anything. I had to send them a really scathing email about their customer service to even get them to answer the actual questions I was asking. Apparently, they don’t train their customer service people to read the emails they get. When I finally got an answer to my question, they claimed that they had no record that they had ever offered the $100 deal in the first place – yeah right. To boot, the savings account I ended up with had a monthly maintenance fee.
I can’t really confirm if I made a mistake or if they didn’t honor the offer. Let’s say it was my fault – I am still pissed about the lousy service and lack of information. I was so pissed that I refused to end my relationship with them at a net loss and decided to give it one more revenge try. I signed up for the free $75 (with checking this time and as soon as I get my money I’m closing the account and never doing business with them again.
***My advice, should you decide to take them up on any of these offers, would be to make copies of the specific offer you applied for so that you have proof should anything arise. This is one of the dangers of applying for online offers and was the mistake I made the first time. Good luck, let’s take all their money!

By: jmosley1901

jmosley1901 — Sat, 21 Jun 2008 17:51:58 +0000

On Friday, June 20, 2008, I walked into the Parkland Branch Bank of America to make several deposits, cash a check and get my payroll out. The check that I was trying to cash was from a vendor who’d made the check out to my mother, who is a signer on my business account. She came into the back to sign the check and to show her identification.

The check was over the teller’s limit so she asked the Assistant Branch Manager, Song Degarmo, to assist her. She was asked to verify the check.

All I did was ask them to verify the check. The funds were good. The Assistant Branch Manager, Song Degarmo, explains to me that Bank of America no longer verifies funds over the phone. I ask to speak with the branch manager because I have been a customer of Bank of America for many years and they have always called to verify funds in situations such as this.

When the Branch Manager, Linda Morley, storms out her office with my check in her hand, she states, “It is obvious that we will not be able to provide you with the level of customer service that you would like. Your account is not entitled to any special treatment. I am closing your accounts.” And with that she storms over to the main doors, opens the doors and turns back to say, “Please Leave!”

Mind you, we are in the middle of the lobby and there are still customers all around. I still have yet to say anything to her. Quite frankly, I was confused on what prompted her to approach me in such a manner, and I was hugely embarrassed by her antics.

The Assistant Branch Manager, Song Degarmo, places her hand on my shoulder and pushed me towards the door. I stopped at the door, turned to the Linda Morley and ask, “Can you please explain to me what is going on? Why are you closing my account?” I was not hostile. I did NOT yell at her.

She says, “I don’t have to explain anything to you! I have the right to close an account for any reason. Please Leave. If you don’t leave I will call the police!”

I was almost in tears at this point. My mother was still there. It appeared as though Ms Morley was unreasonably hostile towards her, but that had nothing to do with me or my accounts. I said, “You have not even spoken to me and I am the primary signer on this account. I deserve an explanation as to why you are closing my account. I am not being hostile. I don’t deserve to be treated like this.”

“It is obvious that you are unaware as to how much we have bent over backwards to assist you. The bank is closed. Please leave.”

“I have been in line since 5:20. The bank closed before I got to the teller window. Are you saying to me that I am not entitled to the same customer service as everyone else simply because the bank closed while I was in line?”

“That is not what I said! You are putting words in my mouth!”

Again, Song Degarmo attempted to push me out the door. By this time, one of the other bankers was standing behind them as if she was going to forcibly remove me.

And so we left. I called the customer service number to find out why this happened. What did I do wrong? Why did she treat me like that? They said that the branch manager can shut down an account for any reason and that what she did cannot be overridden by anyone.

I have sat on the phone and poured my heart out to several customer service representatives, and spoken to supervisors of supervisors. The last one I spoke with, Tammy Wright said that she was sorry but the only thing she could offer me at this time was a sincere apology.

I spent Friday night in the emergency room because I had an anxiety attack that was brought about by this entire situation.

By: vee

vee — Thu, 15 May 2008 15:34:43 +0000

Offer expires 7/31/08 and is available through our online application or in any Bank of America banking center. Offer does not apply to second or multiple checking accounts and/or existing checking customers. Student checking accounts are not eligible for this offer. Bank of America associates are not eligible for this offer. All accounts are subject to our normal approval process. This form must be presented at the time the account is opened if account is opened in a banking center. This minimum deposit required to open a new, personal checking account and receive the $75 offer is $100. We will make every attempt to directly deposit the $75 into your new Bank of America checking account. If for any reason we are unable to do so, a check will be issued as a replacement. We will deposit the money within 90 days of opening your new account. Limit one check per household. To the extent required by law, Bank of America will report the value of the offer to the IRS on Form 1099. Any applicable taxes are the responsibility of the account holder. For interest-bearing personal checking accounts, the Annual Percentage Yield (APY) is 0.05% as of 4/14/08 for any account balance. The rate may change after the account is opened. Fees could reduce earnings on the account. Please consult a Banking Center, visit bankofamerica.com or see the Personal Schedule of Fees for other account fees, rates and information. My chat with the online rep asked if there was a minimum balance – he said no, and said no fees ever. When I went into bank to deposit. They first told me I would have fees after 2 mos and then looked up the code and told me fees after 1 year.

By: Ran

Ran — Sat, 19 Apr 2008 18:52:49 +0000

Transfers to outside account cost $3, so I’m going to have to withdraw money at the bank.

By: Ran

Ran — Thu, 17 Apr 2008 00:37:01 +0000

I received a pending payment for $75 in my account today.

By: Thai

Thai — Tue, 08 Apr 2008 08:30:54 +0000

The BofA $75 offer has been extended to June 30, 2008
(Ref: http://www.bankofamerica.com/promos/jump/uspsmovers/)

By: Ran

Ran — Tue, 08 Apr 2008 05:36:57 +0000

I was able to access the Privacy Assist and got to see my credit score and credit reports, it was pretty thorough and really cool.

Received this today after asking them about the promo on Saturday, two days ago.

“Thank you for your inquiry dated 4/6/08 regarding your Promotional
Offer. We will be happy to assist you.

Unfortunately, our records do not indicate your incentive was requested
when your account was opened. Incentive payments for this promotion will
be direct deposited into your new checking account within 45 days. If
you do not receive the incentive within 45 days, please contact us again
and we will be happy to research the matter further. Please note your
confirmation number is #.

We truly apologize for the delay in processing your incentive. We value
you as a customer and appreciate your business. If we may be of further
assistance, please contact us again by e-mail. Thank you for choosing
Bank of America. ”

Bill – Have you contacted them about the promo? Remember to provide them with the promo code in the same message.

By: Bill

Bill — Mon, 07 Apr 2008 16:30:20 +0000

Beware, waited four months, never got my $75

By: Ran

Ran — Sat, 05 Apr 2008 22:52:51 +0000

Scratch that, the $1 was charged for the Buyer’s Advantage and not the Privacy Assist Premier as I first stated.

By: Ran

Ran — Sat, 05 Apr 2008 22:38:48 +0000

I called and asked, the BoA rep told me that you have to establish your account for 3 months before you receive the $75 promo and that the offer is only one per household. As for the $100 average daily, holy cripes, my balance has been at $99 for a week because I enrolled in their Privacy Assist Premier/Buyer’s Advantage program, I’ll report back on whether I still quality for the promo after I talk to a rep.