And, as a current BofA account holder, it is policies like this that will cause me to soon transfer my banking business elsewhere.
They should change their name to clarify their customer position to the Bank of SOUTH America. Hopefully, in a very few years this policy will be the sole factor in their bankruptcy.
My BofA Credit Card is issured by the US Government and I MUST use it for travel expenses.
I am closing my B of A checking account that I have had for over 23 years TODAY because of this policy.
My letter to B of A cancelling the account will state the reason why.