Bank of America Bank Account Or Service Complaint

Savings account Account opening, closing, or management

Bank of America Bank account or service department,

Savings account Account opening, closing, or management Arizona

On -/-/2016 at - I spoke with a representative at Bank of America regarding a charge on my savings account she then informed me that -/-/2016 I was given a courtesy - month $5.00 fee waiver as my account had change that I will be charged a monthly service fee of $5.00 if I did not transfer $25.00 every month or maintain a minimum balance of $300.00 in my account. -/-/2016 I did contact Bank of America to inquire of a charge on my savings account I was informed that if I conducted more than - transactions within a billing statement I would be charged a service fee. I was not told at that time that my account will be getting a six-month waiver fee as my account would start being charged $5.00 a monthly service fee if I did not again transfer $25.00 to my savings account from my checking or maintain a minimum balance of $300.00 in my checking account. On -/-/2016 I went ahead and also closed my savings account I also stated that I will be going into the bank the following day to close out my checking account as well. I have been a long-standing member of with Bank of America and for a company to change its policies on its consumers without notifying them is wrong and also unprofessional. A savings account should not have fees or conditions as its name is stated clearly as what it 's for savings, not being charged a monthly fee because I am not transferring a certain amount of dollar or maintaining a certain amount of dollar in that account.

Bank of America customer in Arizona
Sep 15, 2016

* Source: CFPB Complaint Database

Bank of America response to complaint:
Closed with monetary relief

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Contact Bank of America

https://www.bankofamerica.com/
(704) 386-5681
100 N Tryon St Ste 220
Charlotte NC 28202
Bank of America
Bank of America

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