Complaint Review: BANK OF AMERICA - Internet

100% CORRECT. Here are some other things that Americans should NOT TRUST. Do NOT TRUST Politicians, Lawyers, Judges, CEO's, COO's, CFO's, Executives, Lobbyists, the Mainstream Media, the U.S. Legal System............................... Priests, Ministers, Rabbis, and anyone else in any position of power.

I am not coming to the defense of this bank..there are enough complaints and lawsuits against them to fill a football stadium.

Now by what I can make of this post...it seems you might have overdrawn the account..and then were trying to make a deposit to cover it? If that is the case you would have got the overdraft fee even if you the deposit was made.

Also..you should never deposit anything at an ATM..too many reports of missing, lost, stolen money this way..do not trust machines. A deposit made after certain hours on Friday, and weekends won't post to your account anyhow since the Fed is closed.

Now the banks uses electronic transactions ONLY to THEIR own advantage..and use it AGAINST us in any way possible to charge and collect fees...which is one of the many reasons we see so many complaints..I will explain..

In the days of old...a long long long time ago....if you wrote a "check" you could do what is called "float" the check by using a check for a purchase or to pay a bill without the funds being in the bank..and get away with it without a fee if you made a deposit in time. Now technically this is not legal...but since no harm was done, and the bank would not know you did this..no one ever went to jail for it or got a fee unless the check bounced.

Now if you use a debit card for anything..the bank knows about it at the speed of light..almost instantly. So even if the merchant "holds" it..it is money spent. So you can't beat that transaction if it overdrafted with a deposit unless you were superman. Same with checks even. If you use a check for a purchase..the vendor puts it through a reader or manually enters the info..and verifies if the check is good. So the banks knows about that transaction instantly as well..you can't beat that system.

The odd thing is..SOME banks even though they knew a transaction was made..they don't count it until the merchant posts it, or so some banks "claim". This way the online bank statement may tell you funds are available when they are not...making the chance of an overdraft increase if a customer depends on the banks statement. Depending on a bank statement is no longer considered "accurate" for this reason. Now since the bank HAD to know a card was swiped..or a check was issued since the bank INSTANTLY accepted, or declined it... would it be so bad for the banks to note it on the customers statement..and actually HELP them keep track..instead of using deception in hopes of it causing an overdraft..interesting question.

If you mail a check you have a chance to beat it to the bank..problem being as you found out..the bank does always make it too easy to deposit..and if so..they place their own "holds" on deposits in hopes of collecting fees. They consider any transaction that you make to purchase "instantly" 24 hours a day..7 days a week, 365 days a year..holidays included. Electronics do not stop flowing or take vacations or days off....UNLESS it seems you want to make a deposit....then the funds are held in some kind of cyber vacation land..and do not end up in your account fast enough to prevent a fee.

If you believe nothing I posted applies to your situation, kindly post more info on what happened and maybe you can get to the bottom of what happened.

Best of luck.