Author Topic: Interesting Letter Sent To Bank of America (Read 1237 times)

Sox62 · « **Reply #15 on:** May 29, 2003, 12:10:57 PM »

Quote

Originally posted by LePaul

Only bad bank I've encountered is Key Bank. Eh gad, numb!

Key Bank....I refinanced about five years ago,and after the first two months,my home equity line was sold to them.They immediately started sending me delinquent account notices and threatened to send it to a collection agency.

I explained that I had sent the checks in for the first two months,but the other company had not forwarded them to Keybank(despite dumping the entire loan amount on them).Even after I sent them a fax with photocopies of the checks,their attitude was,"we don't care,you pay up and try to get the money that wasn't forwarded to us back for yourself".

I told them on the phone FU.Sicked the Attorney General on them and everything was miraculously fixed almost immediately.I guess even just an intervening letter can get their attention.

guttboy · « **Reply #16 on:** May 29, 2003, 01:13:59 PM »

Well,

I dumped Bank of America a while back when the wanted to charge me for accessing my acct online. I was told it would be a 40$ charge to set it up.

I was a customer for 10 years.

I asked to speak with a supervisor and they said "corporate policy"....just like mentioned in an earlier post.

Well then..... I took my Direct Deposit USAF pay and sent it to USAA banking. They lost me as a customer for LIFE.

All that over a silly computer transaction.....oh well...they will NEVER see my business.

Siaf__csf · « **Reply #17 on:** May 29, 2003, 01:30:07 PM »

Rofl I haven't heard anyone using cheques for the past 20 years.

I haven't carried cash money for about 12 years. Usually I keep a couple coins for parking meters though.

Every single local shop accepts cash/credit card payments which are electronically verified online in realtime.. The only time I've had to use cash is on the holiday trips to the mediterranean.

Heck even parking fees can be paid through cellular phones on many places now.

T0J0 · « **Reply #18 on:** May 29, 2003, 02:27:38 PM »

Agreed...I haven't Carried a Check, seen a payroll check, or carried cash in over 10 years, let alone had to enter the bank for anything other than a change to interest account's or administration reasons... We are not that advanced here in Florida so I would assume the rest of the country has similiar options...
But if one doesn't have a bank account then I could see some issues...
0J0T

LePaul · « **Reply #19 on:** May 29, 2003, 02:45:25 PM »

Direct Deposit here too.

Tho with my clients, there have been a few I'm wary of and cash their checks rather than wonder if it will bounce.

KeyBank: For my small biz, I simply deposit checks as they arrive, and at the end of the month, write the check to the ISP for the digital line to my servers. Period. Somehow, Key would "re arrange" the dates to my deposits so that this check would bounce and incur an overdraft. Two other customers mentioned that they too were getting nailed for overdrafts despite being days behind deposits.

Went to their office to talk about this, just got snotty attitudes since I'm just a little guy. So I quietly removed everything I had and brought it to a cheerful Credit Union that offers all the same services for free.

Me and cash are bad. I alot myself a few bucks for coffee and such...and use card/debit for any/all purchases. Requires more effort to spend that way

JB73 · « **Reply #20 on:** May 29, 2003, 02:51:37 PM »

how do you buy tasty McDonalds quarterpounders with cheese without cash?

i know alot of smaller companies like landscape companies and such that still write out checks. in fact my last employer 5 years ago handed out checks... no deposit available and they had like 200 employees. it was a independant photo lab in a suburb of Milwaukee. most of the employees were HS drop-outs or kids with work permits (except us in mgnt. or quality control which i was in charge of

)

LePaul · « **Reply #21 on:** May 29, 2003, 02:54:15 PM »

Quote

Originally posted by JB73
it was a independant photo lab in a suburb of Milwaukee. most of the employees were HS drop-outs or kids with work permits (except us in mgnt. or quality control which i was in charge of )

LMAO...well we know where you get your porn now

T0J0 · « **Reply #22 on:** May 29, 2003, 02:59:33 PM »

Not carrying Cash has advantages like having to pass Mcdonalds cause they dont accept CC's or dbtcards... That is a perk!!
Cause we all know that Mickey D's will kill you.... Look what happened to Dave Thomas...

Siaf__csf · « **Reply #23 on:** May 29, 2003, 03:22:15 PM »

Uh? I've never paid with cash when I've visited McDonalds..

They accept cash cards, e-cash, Visa, Mastercard and Diners to mention a few. At least up here they do.

If I find a shop that doesn't accept c/c the shop won't be worth shopping in. Period.

myelo · « **Reply #24 on:** May 29, 2003, 03:29:00 PM »

OK smart guys, when you stuff a debit card in a stripper's g-string, does she give it back?

capt. apathy · « **Reply #25 on:** May 29, 2003, 03:47:48 PM »

I think you just 'swipe it through the slot'

T0J0 · « **Reply #26 on:** May 29, 2003, 04:02:30 PM »

Quote

Originally posted by myelo
OK smart guys, when you stuff a debit card in a stripper's g-string, does she give it back?

Well... Rumor is they have been known to Order room service a few times in the past...

But.. every knows you take out cash before going on a Strip joint binge!! Or else you have to intercept the mail before the wife gets the cc bill in the mail...

miko2d · « **Reply #27 on:** May 29, 2003, 04:35:57 PM »

LePaul: So they charge $5 to clear the lobby.....and have less business?
Wow. Sounds like a new Category for Darwin to expand to.

You are making a completely groundless presumption that they will lose more business than they gain because of their policy.

As a customer of a bank, I could withdraw money from the bank's ATM without taking teller's time. The employees in question can do the same thing at their bank.

The only time I see a teller is when I have some serious issue. I do not want to wait in line because a bunch non-customers are cashing their checks.
Neither would I want to pay for more tellers with my banking fees so they can provide services to outsiders who do not pay a cent.

People who have other preferences than no-wait service and low fees can always switch to the competotor like mr. Name witheld for privacy did - that is the beauty of the Free-market competition. Of course he could have just increased his employee's pay by $5 to compensate them for the policy of the bank he chose to hold an account in.
I do not see anything wrong with either the bank policy or mr. Name witheld's choice to switch.

miko

capt. apathy · « **Reply #28 on:** May 29, 2003, 06:44:02 PM »

the policy is fine as long as the guy writing the check includes enough extra to cover it. otherwise a $200 check is really only worth $195 face value, so if the bank his checks are drawn on are only honoring the checks for $5 less than face value he'd have to write each for $5 more than he owes. at an extra $5 per check I'd find another bank.

majic · « **Reply #29 on:** May 29, 2003, 07:36:33 PM »

That's only if they go to that bank to cash the check. If they went to their bank, there would be no fees. What that bank is doing is charging non-customers to cash checks. What's so evil about that?