The Bank of America wants your money. Really.
This is the story (stories, actually) as told to me. The people I've heard these from have more details, and my time is short; so I have to do this quickly.
Story Number One: A friend of our family is a probate paralegal. She is working with some people in Seattle to get a CD out of Bank of America (the person who died, lived in and died in Maine, so State of Maine laws apply here). However, even after 14 years after the death of the decedent, the SOLE LIVING HEIR cannot get the money from the CD. Bank of America has pulled a series of stall tactics, wanting: (1) to refer back to their legal department, (2) have the probate paralegal all but commit perjury (as she explained it) by signing some kind of affidavit, (3) simply just not respond AT ALL to letters of inquiry from the paralegal (and other lawyers and I understand it), and (4) telling the paralegal that she must get a court order to get Bank of America to release the funds from the CD which should have been released to the heir 14 years ago.
What the hell is that all about?
Story (Stories) number 2 can be found on MSNBC.com. I'll link in the story later. You can probably find it a few days earlier as a post on this blog. It was about identity theft. Which leads us to ...
Story number 3. My father, through a debt management company, paid off a debt to MBNA, just after MBNA was bought out by Bank of America. MBNA, while in their transition phase, acknowledged the debt was taken care of under special circumstances (reduced intererest rate, forgiven past due penalties, etc). However, Bank of America decided to completely ignore this prior agreement (the agreement was made BEFORE BoA bought MBNA, and was completed just after the buyout), and has continued to hassle my father ever since.
I suggest that, based off of these stories, and the 1300+ comments (may be more now) from that MSNBC.com article, that anyone with a BoA account should really consider another bank, before they get screwed.
Allegedly. You know. Standard disclaimer to hopefully avoid getting sued for 'libel' or some other bull. Considering some of the tactics BoA has pulled so far on their so-called 'valued' customers, it wouldn't surprise me if they fought dirty if someone called them out on it.
Story Number One: A friend of our family is a probate paralegal. She is working with some people in Seattle to get a CD out of Bank of America (the person who died, lived in and died in Maine, so State of Maine laws apply here). However, even after 14 years after the death of the decedent, the SOLE LIVING HEIR cannot get the money from the CD. Bank of America has pulled a series of stall tactics, wanting: (1) to refer back to their legal department, (2) have the probate paralegal all but commit perjury (as she explained it) by signing some kind of affidavit, (3) simply just not respond AT ALL to letters of inquiry from the paralegal (and other lawyers and I understand it), and (4) telling the paralegal that she must get a court order to get Bank of America to release the funds from the CD which should have been released to the heir 14 years ago.
What the hell is that all about?
Story (Stories) number 2 can be found on MSNBC.com. I'll link in the story later. You can probably find it a few days earlier as a post on this blog. It was about identity theft. Which leads us to ...
Story number 3. My father, through a debt management company, paid off a debt to MBNA, just after MBNA was bought out by Bank of America. MBNA, while in their transition phase, acknowledged the debt was taken care of under special circumstances (reduced intererest rate, forgiven past due penalties, etc). However, Bank of America decided to completely ignore this prior agreement (the agreement was made BEFORE BoA bought MBNA, and was completed just after the buyout), and has continued to hassle my father ever since.
I suggest that, based off of these stories, and the 1300+ comments (may be more now) from that MSNBC.com article, that anyone with a BoA account should really consider another bank, before they get screwed.
Allegedly. You know. Standard disclaimer to hopefully avoid getting sued for 'libel' or some other bull. Considering some of the tactics BoA has pulled so far on their so-called 'valued' customers, it wouldn't surprise me if they fought dirty if someone called them out on it.
posted by xanadian at 5:54 PM
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