Bank of America Credit Card

My complaint concerns the practice by Bank of America, and quite

possibly, other large banking corporations, of continuing automatic

withdrawals after the account is in a $0 balance. Not even just a $0

balance, but even after the account has been closed. I am no rocket

scientist, but this is absolutely absurd. After I made a phone call to

Bank of America, I was informed that it was my fault for not stopping

the automatic withdrawals. Again, this is absolutely absurd. I don't

believe for one minute that Bank of America is doing its accounting the

old fashioned way and actually counting beans! Most of the banking

institution is run by computer programs and for them to tell me that

there cannot be something written into a program that stops automatic

payments when the account has reached a $0 balance, and certainly when

the account has been closed and the person is not even a customer of

Bank of America anymore is again, ABSOLUTELY ABSURD! So, when I

requested that they return the money to my checking account, which, by

the way, was with a different bank, I was told to give them an address

where they could send a check. This, of course, was not acceptable to

me since my checking account now ran the risk of being overdrawn as

other things were beginning to clear. I needed the money replaced,

reversed, electronically, just the same as it had been removed. I was

told that was impossible to do...you guessed it, ABSOLUTELY ABSURD! I

explained that I was currently deployed to Afghanistan, and that a check

was not feasible for me to work with. Again, I received the same

response that it was impossible to return my money to the place it was

taken from. Now I am under the impression, that this is an intentional

practice designed to generate extra funds for Bank of America...not

because they need them, but because of greed. How many other people

that this happens to don't catch on to it? Or, when they do, they stop

the payments but do not fight to get their money back? How much money

does Bank of America make off of interest alone while this money that

does not belong to them sits in an interest bearing account somewhere?

It is as simple as stealing in my book, an most other people's books as

well. If the number of people across the globe that this happens to

each monthis just 2,500 and they take only $100 from each person, they

have generated a quarter of a million dollars a month, $250,000. That

is 3 million dollars a year! If even just 1% of those people do not

catch this, then Bank of America has just came out in the good to the

tune of $30,000 a year...for FREE! And we haven't even figured in the

interest that I mentioned earlier that everyone knows they are

capitalizing on. I cannot stress enough that this is WRONG! I don't

care how you slice it, chop it, cut it, rip it...you can do whatever you

want to it...it is wrong.

SGT Bret A. Newmyer