I cant get away from BOFA fast enough
Never liked them. I hate doing business with them.
I received a check for the sale of some merchandise. The check was drawn on Bank of America. I went to a branch office to cash the check. They said it would cost me $6.00 to get the money. It was a check drawn on one of their accounts. I can’t believe anyone takes check written from a B of A account. I certainly will not.
We’re in the process of extricating ourselves from BofA. We have a business account with them and I have to say they’re the worst bank I’ve ever dealt with...ever. We’re currently cleaning up our account from a massive hack. There are still charges taking place even though the cards have supposedly been canceled for a month. I could go on and on, but that bank is in-freakin-credible. I’d better stop before I blow a gasket...
I have a Home equity LOC which I initiated beginning of 2008. The deal was if i allow them to debit my account for the interest only on a monthly basis as well as immediately take a $25,000 advance against the line, I would get a rate equal to about 1.5 points behind prime. My rate is currently 2.74% and as much as i would like to leave them I can’t find anyhting close so I will continue to take advantage of this great deal.
For a short period of time I was able to invest in a savings account at 3.68% while paying 2.74%. It was free money while it lasted (3 months). As soon as the savings rate dropped I withdrew the cash and paid down the LOC.