Complaint Review: Bank Of America - Charlotte North Carolina

Left and right, Avoid all Cuts and parries. Seize your opponents' minds And scatter them all! - Morihei Ueshiba Even the most powerful human being has a limited sphere of strength. Draw him outside of that sphere and into your own, and his strength will dissipate. - Morihei Ueshiba When you bow deeply to the universe, it bows back; when you call out the name of God, it echoes inside you. - Morihei Ueshiba

You've sunk to a new low. Please tell me - IN WHAT UNIVERSE is an erection related to how BOA is screwing us? Oh wait, now I see.... You've decided on a little "play on words" and used "erection" to capture everyone's attention. Why don't you grow up and peddle your paranoia elsewhere? I hear Rita needs someone on her side. Perhaps you can write a poem about doctors with mental health issues...? Again, since you have nothing valuable to add to the OPs concerns, why not try and control your impulse to spew idiotic poems?

ERECTION POEM The erection is over I hope everyone voted Politicians and lawyers Almost all of them bloated. Another erection is coming Time to raise some more money Buy a dress for your wife And a fur for your honey! The erection is over Businessmen are still lying People losing their jobs Many of them are crying. Another worthless erection Honeymoon in Niagra This one lasted 4 hours Blame it all on viagra! ERECTION POEM is over Time for me to go fishin' I'll keep writng these poems For every new politician. End. Go to www.9news.com and type in- NEW WARRANT SERVED IN CONNECTION TO PROSTITUTION RING, and read about the 'prominent clients' who were frequenting the PROSTITUTION HOUSE which was 'busted' by the feds. I believe that some of them were- QUOTE: 'judges, lawyers, businessmen, athletes, and politicians.' While you're at the 9NEWS site, type in- SEX DRUGS & OIL INVESTIGATED AT A DENVER FEDERAL OFFICE, and read that one too! Then 'Google' this- AMERICA: FREEDOM TO FASCISM, and watch that documentary on the web. Thank you. I'm Karl, and I approve this Update! More poems coming. POWER TO THE PEOPLE

ERECTION POEM The erection is over I hope everyone voted Politicians and lawyers Almost all of them bloated. Another erection is coming Time to raise some more money Buy a dress for your wife And a fur for your honey! The erection is over Businessmen are still lying People losing their jobs Many of them are crying. Another worthless erection Honeymoon in Niagra This one lasted 4 hours Blame it all on viagra! ERECTION POEM is over Time for me to go fishin' I'll keep writng these poems For every new politician. End. Go to www.9news.com and type in- NEW WARRANT SERVED IN CONNECTION TO PROSTITUTION RING, and read about the 'prominent clients' who were frequenting the PROSTITUTION HOUSE which was 'busted' by the feds. I believe that some of them were- QUOTE: 'judges, lawyers, businessmen, athletes, and politicians.' While you're at the 9NEWS site, type in- SEX DRUGS & OIL INVESTIGATED AT A DENVER FEDERAL OFFICE, and read that one too! Then 'Google' this- AMERICA: FREEDOM TO FASCISM, and watch that documentary on the web. Thank you. I'm Karl, and I approve this Update! More poems coming. POWER TO THE PEOPLE

Credit Unions aren't always the answer either. When I sold my house in NC I deposited the settlement check in my account at the CU. Two days later I went to the bank on which the check was drawn, got proof that it cleared and was paid into the CU account, then took the proof back the CU manager and asked her to release the funds. She tried to refuse, but I put up a stink and offered to spread the word among my considerable number of friends that I was being screwed over. That worked, but I hated to do it. We shouldn't have to beg to get our own money! American Express does the same thing. I have an AMEX that pays me 1% back into a savings account with 2.5% interest. Every month I transfer money from my CU account to my AMEX savings account. It takes 6 business days for those funds to become available, even though I can see online that my money was withdrawn from the CU within 24 hours. So where was my money the other 5 days? Earning interest for AMEX of course! As soon as I pay off my credit cards I'm going back to an all-cash system. This is ridiculous. I don't mind paying a fair rate for the privilege of using a credit card, but I refuse to let them continue this type of abuse. And to Karl.... I went to the website you mentioned. I found a link to another story about credit card companies which essentially outlines when this OP has posted. Feel free not to write any more poems about me.

Do you have any idea how many politicians on that list have already been bought and paid for by financial institutions? Isn't it ironic that you topped the list with Chris Dodd?

This is totally unethical, maybe not illegal, but unethical. If you deposit a check into your account, and then they suddenly "hold" the check, when they have not done so in the past, needs to be referenced with a reason. The idea that they do not have to give you a reason for the hold, except to say they can, is unacceptable. If the banks are going to "hold" deposits, then they need to apply that standard to all account holders for all deposits. The banks's ability to "pick and choose", at random, which items they will place on hold is also unacceptable. You are very smart for opening up an account with a credit union. You will find that you are treated in a completely different way than the way you are treated at the "big" banks. And just so you know, Jim is wrong about credit unions "holding" deposits. Most do not adhere to this practice. I won't say all, because I don't know about all of them, but the ones I am familiar with do not. When I opened up my account at the credit union, I wrote a personal check on an account from another bank to make my initial deposit, which was over $1,500.00. The money I deposited was available to me immediately, because that was a question that I asked when I made the deposit, if the check would be "held". The credit union officer said that they do not hold checks when deposited, unless the check in some way appears to be fraudulent or counterfit, and if thet is the case, they do not even deposit the item, but instead try to determine, as quickly as possible, if the item is a valid document. Their overdraft fees are much less, too, and they do not try to find ways to nickle-and-dime the depositor. At a credit union, you are more than just a customer of the credit union, you are an investor member of the credit union and a part owner with full voting rights. If everyone who complains about the big banks would move all their financial accounts over to a credit union as a part of their complaint, the banks, loosing more and more customers just might sit up and take notice.

JEANSKI POEM There once was a person JEANSKI was her name Providing us with laws Was the name of her game. She gave us laws about deposits She gave us laws about our check She must think I'm the 'Riddler' Always a pain in her neck? JEANSKI POEM is over Clouds rolled in- it got shady I'll bet that JEANSKI is simply- ONE VERY SPECIAL LADY! End. Jeanski, Thank you for all the information. I'd like to bake you a loaf of banana bread, and meet you someday. I'm wondering what you look like. I don't want you to think that I'm getting- 'In Your Face', okay? Hey Jeanski, go to Businessweek.com and click on- 'In Your Face' at their Home Page. Then go to the archives, and scroll back to March 10th 2008. Guess what? I'm- 'IN YOUR FACE'.

You of all folks are a tool. Remember your silly "there is no law" that requires folks to pay income tax? Remember that knucklehead? Several rebuttals (one from me) put you in your place with exact CITES OF LAW from the United States Code. BEFORE you go preaching about anyone else knowing the law, you should stop reading (and believing) the tripe you find on various internet sites and READ THE LAW for yourself. Take your own advice before you preach to others about knowing anything. Also, go ask your "rich" sister to front you some tuition money so you can return to school. I suggest you start with a basic reading comprehension course, perhaps EN-110.

Here's what the law actually says about how long a bank can hold a deposit: (from MSMoney) What's in Your Deposit? You should be able to write checks on cash that's deposited to your account no later than the next business day (note: if you don't make the deposit in person, the bank can wait until the morning of the second business day following the deposit to make the funds available to you). Electronic payments, like paychecks that get automatically deposited to your account, have to be available to you on the next business day after deposit. Other types of deposits that have next-day availability include: Checks drawn on the U.S. Treasury and deposited into an account held by the payee. U.S. Postal Service money orders (deposited in person and into an account held by the payee of the money order). Federal Reserve Bank and Federal Home Loan Bank checks (same stipulations as the U.S. Postal Service checks). State or local government checks (deposited in person and in the same state where the check was issued). Cashier's, certified, or teller's check (deposited in person and into an account held by the payee of the money order). Checks drawn on and deposited into the same or another branch of a bank as long as it's in the same check-processing region as the deposit. If you have a deposit that doesn't fall into these categories (and most deposits don't), banks have to make the first $100 of the total deposit amount available to you on the next business day. What's the Origin of Your Deposit? Banks used to claim that out-of-state checks took a long time to clear, so they'd put excessive holds on them. In 1990, Regulation CC recognized that advanced check processing systems made holds based on geography increasingly unnecessary. Today, a check can only be categorized as "local" or "non-local" with clear processing times for each. Local: A local check is one that is drawn on a bank within the same check-processing region. There can be several regions in one state, and one region can comprise more than one state. State lines are largely irrelevant in determining a check-processing region. A bank cannot hold local checks for more than a day--the funds must be available to you by the morning of the second business day after the day of deposit. Non-Local: Non-local checks are drawn on banks outside the check-processing region where the deposit is being made. These funds must be available to you by the morning of the fifth business day after the day of deposit. Beware--deposits of cash or checks made at ATMs not located at the bank with which they're affiliated can be held as long as non-local checks. Caution to new account holders: banks can impose many inconvenient holds on accounts that are less than 30 days old, so if you move to a new town, keep your old account open for at least 30 days (while your new one "ages") so that you're guaranteed to have access to your money. How Much Can You Have? The entire amount of a check is not always what's held. A bank is free to tier the availability of your deposited funds. Most of your deposits will not fall into the categories listed above in the next-day availability section because they are probably checks written to you by private individuals or companies. For these types of checks, two basic rules apply. These below are just a sample. You need to check with your bank to find out the rules they are currently following since banking legislation often changes. Banks have to make the first $100 of these "private" checks available to you on the next business day after deposit. So if you deposit a $500 local check on Tuesday, the bank has to make at least $100 available to you by Wednesday morning. It can release the remaining $400 to you on Thursday--the second business day after deposit since it is a local check and can be held until the second business day (see above). For deposits over $5,000, the bank must comply with the $100 next day availability rule, but then it gets a little more complicated. The next $4900 has to be made available according to whichever local or non-local rules it is subject. Then, the amount of the deposit exceeding $5,000 can be held for as long as 11 days after your initial deposit (10 days if it's a local check). Quirky Bank Definitions A bank counts days based on how it defines its business hours. Banks can establish their own cut-off times, which means that a deposit you make at 2:30 p.m. at one bank might be considered made on that day, but that same deposit at another bank might be added to the next day's activity. Read the signs that are required to be posted at ATM machines and bank lobbies--they will tell you the bank's cut-off times for deposits and give you some idea of when your deposit will be available. Final Note As with most government regulations, there are more exceptions than rules, so be sure to do your own research if you suspect your bank is not following the law. Regulation CC is available to you at the Federal Reserve Bank's Web site. If you'd like more information about how checks get processed, visit the Federal Reserve Bank of Atlanta's page. And to Brenda.... Just ignore Karl. He rants on everyone's ROR...

what banks can, & cannot do, & what the government can, & cannot do. There's a wonderful documentary by Aaron Russo which everyone can watch on the web. It can be 'Googled'. Simply 'Google' this- AMERICA: FREEDOM TO FASCISM, and watch it today, & spread the word! Thank you. POWER TO THE PEOPLE

Brenda, this is standard operating procedure for most deposits - they can be held for as long as 15 days, depending on the size of the deposit and even the situation involved. In the case of a 5 day hold, this is standard by law - so the bank is merely following the laws established by all of the entities and individuals you're citing people should call. There is nothing in your report that indicates the bank did anything wrong. What happened to you would happen at a CU as well - they hold deposits as well. The difference is that the OD fees are slightly less - but then you get less service at a CU - which is something I found out the hard way....