Bank of America refuses to let customers close accounts

[babsbunny]

http://www.youtube.com/watch?v=KtI85Zc6Oik&feature=player_embedded

At a rally in St. Louis on August 12, 2011, several people with savings and checking accounts at Bank of America tried to walk into the building to close their accounts. The suits and the police they had there to back them up wouldn't allow it.

[TBF]

1. Rec for visibility - these big banks need to go down. nt

[hfojvt]

59. "Sign here, and you'll get your money in 60 days."

"Sixty days??!!"
"Well, that's what you agreed to when you bought your shares."

[TBF]

98. Take it out by ATM as much as possible every day -

let them mail the last dollar in 60 days as you close your account. Fuckers.

[hfojvt]

111. I was quoting George Bailey in "It's a Wonderful Life"

when there was a run on the Building and Loan.

[TBF]

118. Excellent -

I should have caught that. I love that movie! That is the sad thing isn't it - lots of parallels to the depression now (with unemployment rates heading up nearly as high). Gap between rich and poor just as wide as it was in the 20s. History repeats ...

[RebelOne]

147. My ATM will only allow a maximum of $300 withdrawal

at one time. It would take a really long time to withdraw all the money from my savings. And I do not want to travel all over town to other ATMs.

[TBF]

151. Can't blame you there -

then I would open an account at a credit union and request a cashier's check to be taken to the new bank. It may take a few days - maybe do it half at a time.

BOA is the one I personally hate, but I have actually had very good service from the Chase bank I use for our household checking. We don't keep our savings account in any of those big banks though - it's in an investment account.

[tblue]

106. You don't have to go there. Have your new bank

order what's called a sight draft. Just go to whatever credit union or local bank you prefer and tell them you want them to close your other bank account and deposit the $ in an accountat this new bank/CU. Easy! I used to be a teller and we did it all the time.

[davidwparker]

107. Excellent comment. n/t

[AngkorWot]

2. Did they try going to a regular branch office that didn't have a large protest outside of it?

[RegieRocker]

4. Do you know what the price of eggs are in China?

[AngkorWot]

6. You know what? I don't.

Damn you, Obama, for not telling me what the price of eggs are in China.

[RegieRocker]

7. You really have to stop relying on Obama for everything

don't you know?

[AngkorWot]

13. I guess he doesn't want my vote.

I tried to go to the toy store to pay my electric bill, but they wouldn't let me do it.

This stupid country.

[RegieRocker]

15. You really don't have any answers do you?

[AngkorWot]

ancient aliens

and mayans

[AngkorWot]

20. ancient aliens

and mayans

[William769]

18. No, that would be just plain stupidity.

Now going to a bank where you have money in it & being allowed to close the account is plain stuoidity also. Aee the theme here?

[Leftist Agitator]

74. You are an autist.

[SwampG8r]

103. after conversion about $3.75 a dozen

[William769]

11. Why would that matter?

What law are they breaking? I want to see this bullshit in the courts & how the courts respond. Are we not trying to get away from Bush's America?

[AngkorWot]

19. It's pretty easy to close an account at Bank of America.

You walk in, tell them you want to close an account, they close it.

The OP claimed Bank of America was preventing people from closing their account, but the video showed no evidence of that.

Typically, businesses often have policies of not letting angry protesters inside their doors, and for good reason. Was this even a Bank of America bank? Or just some corporate office?

[William769]

30. Not according to that video.

I guess we just see things differently.

[AngkorWot]

34. The people in the video are not making an honest attempt to close their accounts.

It's a protest.

It's theater.

If I showed you a video of a street magician making his assistant disappear, would you understand that it is not really magic, just an illusion?

[RegieRocker]

50. LOL so it was an Illusion that they prevented them from closing

their accounts?

[AngkorWot]

52. They weren't being prevented at all.

They weren't even honestly trying.

[RegieRocker]

54. WOW.......

You're gifted as the Indians would say.

[Ignis]

150. "not making an honest attempt" -- So, you're a psychic?

:shrug:

At the end of the day, despite the means to which you so strenuously object, they wanted to close their accounts. Anything else is your opinion...and it happens to stink.

[Name removed]

48. Deleted message

Message removed by moderator. Click here to review the message board rules.

[RegieRocker]

31. It was a bank, It was a bank. It was a bank.

Angry customer or not they have a right to close their account. Oh they weren't angry but you're making stuff up aren't you?

[AngkorWot]

46. They were a protest.

Businesses have a right to close their doors to protests.

So what's the address of this particular branch office?

[MedicalAdmin]

49. Business rights?

At least we know which side of "the street" you stand on.

[AngkorWot]

51. The side of honest rational thought instead of knee--jerk buffoonery?

It's a good side to be on.

[RegieRocker]

57. Hook line and sinker describes you. Honesty you don't know

honesty. Rational escapes you. Buffoonery? You should know, it takes one.

[MedicalAdmin]

61. Whose money was it?

Was the bank open for business? Is it a public access business?

Answer: it was the customers money, the branch was open and others got in, and it is a public access biz. All of which means that they denied a legal withdrawal in defiance to FDIC rules.

Discussing business with you is like talking about sex with a nun.

[RegieRocker]

65. Nailed it!

No pun intended in reference to nuns.

[MedicalAdmin]

69. Lmao.

Seriously, thank you. I needed a good laugh.

Oh god, I need to go wipe my eyes now.

[RegieRocker]

76. :)

[boppers]

91. I take it you've never owned your own business.

I'll assume you've been selling your time for money, i.e. conducting business, otherwise.

Yes, selling something (like your time) does not eliminate all of your rights.

[MedicalAdmin]

137. A public access business cannot selectively close their doors to whom they want.

As a public bank they either must close the doors or open the doors. While they are allowed to refuse service to anyone they choose, as a bank they not allowed to keep the assets of someone they are refusing service to.

While an argument could be made that they are not refusing anything, but rather delaying, let me ask you this: what if the next time you walk into your bank they refuse you service based on how you look or who you associate with ( such as posting on DU )?

FYI - I partially own and run a medical clinic, I've run several companies in the past, and I've sat on the board of my credit union and a few other organizations and companies. So I know that with rights also come responsibilities. The bank reacted without evidence based on their prejudice and fear. It was irresponsible and an abrogation of the rights that customers of public access businesses grant to their customers by agreeing to operate as a public access business.

[boppers]

143. They had a crowd and a bullhorn.

I'm not allowed to walk into a bank in a hoodie and a facemask, let alone approach and walk in with a crowd and a bullhorn at my back.

If a person wants their assets from the bank, there are much less dangerous and disruptive ways to do it.

Hopefully, on November 5th, many will exercise such an option.

How would you react if a patient came into your clinic, and demanded all their medical records, on the spot, accompanied by a large crowd with signs and people with bullhorns?

[MedicalAdmin]

146. Those are good points and good questions.

The analogy between a public access bank and a private access clinic make this comparison hard to quantify because clinics have a built in expectation of privacy. If someone showed up for their records with a bulhorn and a crowd I would probably have the records copied STAT (after they filled in our one page release of records form or showed ID) and get them out of their quick so as not to bother the other patients too much. And then I would go get a fifth of jamisons whiskey and calm down my frazzled nerves.

Would I be within my rights as a non public space to do otherwise, yes. The problem is that the bank is a public space (although not publically owned, it chooses to allow the public to enter as that is part of their business practices - this is similar to a grocery store or retail outlet). Plus this is not some random person entering, it is a customer.

That aside, the bank seriously made the wrong decision.

FYI - I agree that there are much easier ways to get your money. Of course I've been with CU's and community banks for over 30 of my working years, so it is not an issue for me. :)

[awoke_in_2003]

104. don't worry...

the cheerleader with the juvenile sig pic is here to set you straight.

[Cassandra]

67. Banks do not have a right to close their doors...

to customers during normal business hours.

[MedicalAdmin]

70. Bam. Dead center on target.

By doing so B of A(ssholes) violated their contract with FDIC.

I'm not holding my breath but their coverage should be null and void.

[dems_rightnow]

75. Which contract rule with the FDIC?

Which part of their contract with the FDIC did they break? Feel free to refer to it by number.

http://www.fdic.gov/regulations/laws/rules/2000-50.html

[boppers]

93. Is this a specific FDIC regulation?

Can you point me in the correct direction?

[Cassandra]

97. I was looking...

but can't find it. I know there are restrictions on a branch closing for repairs (they have to open another office right nearby) so the a bank can't duck a run on the bank by pretending to be under renovation. In NYC, a bank that wants to move a branch across the street has to keep the first location open until the other one is ready for business.

[MrMickeysMom]

90. That does not follow.

Case in point. I have, in my earlier life, been so angry with the way banks have treated me, I HAVE, in PROTEST, marched in and demanded that my account be closed.

You do not get to decide whether that criteria was ANY DIFFERENT than what occurs when a member of the bank, IN PROTEST (whether alone, or with other members or non-members) decides to withdraw their contractual relationship with said bank.

Business do NOT have the right to close their doors to protesting members of the bank wishing to close an account.

[Control-Z]

95. You work for the bank?

Have shares? What is your reasoning for backing them up?

[joeglow3]

128. What happened inside the bank?

I have searched and searched and not found anything.

Did the people all come in at once and stand in line? If so, shame on Bank of America and they should get thr book thrown at them.
Did the people all come in, chanting and making a loud disturbance? If so, shame on the protestors and the bankers had every right to remove them (I worked at a bank years ago and tactics like this have even been used to rob banks).

In short, I have only seen videos well after the key pieces took place. Kind of hard to form an opinion with the key pieces missing.

[caseymoz]

94. And it makes a difference, why?

The money belongs to the customer. If the bank refuses to produce it on demand, either the institution is admitting bankruptcy or it's not a bank but a scam, and the attorney general and bank regulators should be called for an audit and investigation.

I admit, it would be more polite if the customers went to a different branch without the protesters. Hell, how can anybody find money in a bank vault under so much stress? Please, we've crossed over from being polite as Bank of America foreclosed our homes, to being rude. It's too bad B&A didn't consider the possibility of rudeness when it was pushing the sales of fraudulent mortgages, selling bum derivatives, wrecking the US economy, and then getting bailed out while seizing people's homes. You'd think they'd consider that people would get rude toward them.

[fasttense]

120. Did they try genuflecting and bowing?

I understand that banks and their owners really respond to kowtowing, bowing and genuflection. Anytime you need to get your money out of the bank, if you bow and kowtow they will let you have it. They really like it when you crawl on the ground and beg.
:sarcasm:

[RegieRocker]

3. Go down now!!!

Too big to fail my ass. I want to hear a large thud.

[MadHound]

5. Simply go to your local bank or credit union, open an account and have them do a transfer

It will accomplish the same thing.

[RegieRocker]

9. No it doesn't. If a person wants their money in their hands

that is their right. Unbelievable.

[MadHound]

16. I thought that this was about transferring money to a community bank or credit union

Do you really want to be carrying a few thousand dollars around in cash?

I agree, it is their right to go in and close an account. But if you can do so in a manner that doesn't involve confrontation, and achieves the same goal, why not do so. BoA is still out your account:shrug:

[RegieRocker]

21. Now copy and paste from the original op post where

it states the word TRANSFER! It unnerves me to all end the you hear, see and believe what you want to believe shit. Now back to reality. They deserve a check from BOA at any bank while they are open. PERIOD!

[MadHound]

35. There is a movement afoot to have people transfer their money out of BoA

This is easily accomplished without ever having to step foot inside BoA. You open an account at the local community bank or credit union and have that institution transfer your money from your old BoA account to your new account. This can also be accomplished by writing out a check, from your BoA account, to your new banking institution.

What is so hard about doing that? The purpose is to pull money out of BoA, not have a confrontation with the police. So why not use the most common, easiest method of accomplishing this goal, namely pulling money out of BoA?

Bank accounts are transferred using this method all the time, it is standard practice:shrug: We're not back in the sixties where you have to go into a bank to do all your business, the electronic age is a wonder.

[RegieRocker]

63. I dont' care if you can stand on your head and eat jello while

transferring your money. A person has a right to go into their financial institution and withdraw their money. It's their f*cking money!

[AtheistCrusader]

77. Actually, there are terms you have agreed to that may not make that the case.

There are terms around your accounts. Review them carefully. If you have $10k in cash, in a bank account, and try to close it, you will find it not so simple.

[BeHereNow]

80. That it true and a good reason to move it to a CU first-

I have taken large amounts of cash out of my CU account-
They smile and hand over the cash.
No fuss, no muss.
Love my CU.
BHN

[AtheistCrusader]

81. That is the path I'm taking right now.

Not sure why I didn't do it a decade ago.

[RegieRocker]

105. I've done it. Terms? Fu#k terms.

[AtheistCrusader]

109. Out of curiousity

why would you do business with an entity in the first place, if you do not agree to the legal terms of the contract between yourself, and the other party?

Would you obey the terms if they were agreed between yourself, and another individual, instead of a corporation?

[RegieRocker]

121. It's my money there are no terms. I want it I get it unless it's

invested in something which I agreed with like a cd. End of story. I know what it's right and am not spineless to demand it. Your so called terms are criminal and should be outlawed. The criminals who write them and those who uphold them should go to jail.

[AtheistCrusader]

123. OR you could just not do business with a bank that requires those terms in the first place.

It's not hard to shop around. Join a CU instead, etc.

[RegieRocker]

124. Joined one in 2008

[midnight]

96. Exactly...

[RebelOne]

88. You cannot write a check to transfer your savings to another bank. n/t

[bengalherder]

27. I don't just want the money

I want them to pay it in ones and count out every effin one of em.


Just kidding <snark>.

No matter the circumstance, they should fulfill their contract. In fact, one should hope they do, what with people watching and all.

[Pab Sungenis]

125. "I want them to pay it in ones"

This made me laugh. Years ago my mother and I were in a fight with a bank I'm not allowed to name because of a court order. Finally we'd had enough and decided to act. We went to the local branch and withdrew $15,000.00 in cash.

They tried to give us a runaround, got evasive, then got nasty. Finally, one teller said "we don't have to give you your money and we're not going to." I got out my cell phone and called my lawyer.

While I was on hold the branch manager came out and said they would allow the withdrawal at long last. I hung up the phone and went back to the counter. The woman asked me how I wanted it.

We would have been fine with large bills (it was going to go right across the street to a local bank to open an account there) but after she got snide, I'd decided to get snide as well.

"Twos."

She went in the back and the manager came out. Before he could open his mouth again I said "hundreds are fine."

[saras]

62. A few thou? Sure, what's the big deal? You hang with people you can't trust?

You may hang out in a crowd that doesn't use cash anymore - that's your right.

But it's not a norm, and it's not particularly desirable. It's just the way that banks would like you to live.

[BeHereNow]

82. Sometimes I DO need to have that kind of cash in hand-

I have have been transferring dollar assets to other
more reliable forms of assets for years.
I prefer to make those transactions with cash and I love
my credit union for how easy it is to get cash- no questions asked.
I can also use them for a meeting place when I am making a transfer
from dollars to other. Safe, efficient and easy.

I think everyone should use a credit union. I don't
think many people understand what you say about
how easy it is to make the switch.

Maybe we should have some teach ins at all of our
local "too big to fail" bank corners!

On public property of course- what are they going to do?
Arrest us? Maybe, but not before we help some more
people to move their money!


BHN

[JoePhilly]

89. Not your decision. Or that of the bank who holds the account they close.

Banks are a SERVICE industry ... and they willat times have to service ANGRY customers ... too bad.

And who are you, or I, to tell these people HOW to close their accounts????

I'm glad I'm in a credit union for the last 20+ years, and I will NEVER give a big bank my savings in the future.

[LanternWaste]

134. Going into a bank's branch office to close an account is now considered "confrontational"?

Going into a bank's branch office to close an account is now considered "confrontational"?

I suppose many people who have visitations at Planned Parenthood should also avoid confrontation...

[w0nderer]

141. +1

all human interaction is per definition confrontational
it may not be VERY confrontational but even when humans agree, we often disagree on how to get the message out
or what that message is, or when to get it out, or what to do after, or if we should have coffee during discussion of above
or if it was cool that Lisa over there ran to the bathroom in the middle of an obviously important discussion

avoiding conflict is avoiding humans
humans amuse me

anyone buying a faulty device too
can't actually complain about it not working, that'd be...confrontational!
gasp
or being food poisoned at the restaurant, or not getting what you ordered

:sarcasm: tagged for the impaired

[reggie the dog]

117. money and money

i cannot take out more than 1500 euros without letting my bank know 2 days ahead of time so they can get the money on hand, having said that i do my banking in a small town in the countryside too so it can very well be a physical money on hand thing, but i did agree to that rule when i opened the account, now they have been cool and let me take out 1800 when i asked and they explained that i could just keep taking with my atm for no fee just outside the bank doors too. i went and emptied my other bank account when there was a real possiblity that banks here would fail and i saw several old people ahead of me doing the same thing and i straight told them that i had no confidence that my money would be there in a week. they did not protest, but i left 10 euros in the account too so i was not "closing" the account.

[fivepennies]

10. Beat me to it.

:toast:

[fivepennies]

8. How hard is it

to go to a local credit union and open a account using a bank of america check? No need to darken the BoA doors.

[RegieRocker]

14. How do you get the BOA check?

[MadHound]

17. From your check book.

:shrug:

[RegieRocker]

24. Too funny. What if they have a savings account?

Huh? ROFLMAO. A person wants to close all accounts and get a check for the amount. They have that f*cking right! Damn

[AngkorWot]

28. Then they go into a bank and close the account.

Duh.

[marmar]

32. Isn't that what they were trying to do?

:think:

[AngkorWot]

36. No.

[marmar]

41. Umm, okay.

nt

[AtheistCrusader]

112. Have you ever heard of a bank having someone arrested for walking in to close an account before?

Me neither.

They may have been doing that, but good bet, that isn't all they were doing.

If you're going to do it, just do it. You don't need to stage a scene, or jam up their branch with 50 buddies you got together to do the same thing. The bank can't conduct business if you do that. And other people, for all you know, retirees, people on Social Security, etc, can't get through the line to do what they need to do that day. Etc.

The only inconvienience the bank need feel, is their shrinking balance sheet. Anything else, and you're fucking with other customers too. Some people have to get in and out, and pick up their kids, or get to their second job, or what have you.

[RegieRocker]

37. It's freakin unbelievable is it not?

[MadHound]

38. As I've stated before, electronic transfer

No fuss, no muss, no need to go to BoA.

[RegieRocker]

That doesn't close the account as many have stated before

and will acquire fees. Also if savings accounts are in the mix this isn't possible. Damn.

[AtheistCrusader]

114. Transfer savings to checking. Wire transfer or write check to new institution. Call bank, close acco

unt over phone. Done. Easy peasy. Not hard to do.


Fuck, no wonder people have been throwing their money at banks so long, instead of moving to credit unions.

[fivepennies]

60. They don't have a savings book?

They don't have a record of their savings with BoA?

Once you put your money in a bank, you follow their rules which can change at a moment's notice. If you wanted to keep your cash in Butt National Bank you shouldn't have put your it in the bank to begin with.

I'm the one who should be laughing, BoA never got a nickel of my money.

[AtheistCrusader]

110. Call the bank, transfer the money in savings to checking, write a check.

Have you never had a checking/savings account?

[catrose]

115. Heck, transfer S to C online

[a2liberal]

132. And get charged a fee for going below the minimum balance

You make it out as if things are still like a few years ago. These days most accounts have minimum balances and fees. If I make the transfer like you suggest without closing the account AT THE SAME EXACT TIME, I subject myself to those fees.

[AtheistCrusader]

140. You can do that over the phone.

Or in person.

Also, different banks may vary, but mine won't charge for a daily limit, it's close of the fiscal month, though I certainly acknowledge, other banks may do it differently.

What you can't do, is get together fifty of your best buddies, and raid the bank at the same time to make a statement. The building is private property, customer or no, and they will not allow that sort of situation.

[a2liberal]

142. Honestly, I can see if it's rowdy or something but

I see absolutely no problem with taking 50 friends in to all close accounts (and using that as a statement) as long as everyone's waiting in line peacefully.

[AtheistCrusader]

144. Are they letting people conducting 'normal' business go ahead?

Single mom, trying to cash her check and pick up her kids from school is going to be little pleased with this sort of situation.

[a2liberal]

145. What if all the people closing accounts happened to show up the same day

as a coincidence and not something organized? I have no idea about the answer to your question, but I wouldn't doubt it... protesters can be pretty understanding (like the occupy guys somewhere that moved out of a park when they heard a couple was doing wedding photos there... I really liked that story).

[laundry_queen]

138. if they have a savings account

at your bank you can get a blank check printed up with your savings account number on it and then use that check to write an amount to another bank or CU. In fact, when I was a teller (not sure if this still works) you could even write out a 'reasonable facsimilie' of a check and it would be legal so long as the account numbers were right and the signature matched with the account holder (plus we always asked for id).

[fivepennies]

58. If you have an account with BoA

how is it that you don't have a BoA check or savings book?

[RebelOne]

148. I have BoA savings and checking accounts.

I never received any kind of savings book. But I do have checks, which I rarely use as I use my debit card for everything I purchase. And I transfer money from my checking to savings online.

[TheKentuckian]

22. It is their fucking money, they are not obligated to transfer it anywhere.

What is so hard about honoring the customer's desire to close their account if they wish whether or not they wish to transfer it to another institution?

[fivepennies]

64. Honor? You've got to be joking.

I'm just saying its possible to transfer your money to a CU without all the hysteria and then you can cash it out and protest with a pocket full of worthless chits.

[TheKentuckian]

71. I'm not joking about people having a right to their money nor being obligated to

transfer their worthless chits anywhere, in fact they can take their worthless chits directly from the worthless holder of said chits who's existence is all about said worthless chits which indicates they must not be so worthless in context.

[fivepennies]

72. I'm not joking either.

People who want to keep their cash in their pockets should have been doing so all along. The only thing that gives either debt based currency or fractional reserve banks any validity at all is "faith" and I sympathies with people whose faith is being shaken so badly at this late date.

But see, I'm from the old school and can remember the gas wars of old when a gallon sold for 0.19. It isn't that gas is worth so much more now, its that those chits are worth that much less.

END THE FED. SHUT DOWN WALL STREET. CLEAN THE GOLDMAN SACHS CHAFF OUT OF THE TREASURY DEPARTMENT AND FORCE THEIR REPLACEMENTS TO DO THEIR JOBS, WHICH IS TO SUPPLY THE PEOPLE WITH LAWFUL MONEY.

[girl gone mad]

23. Won't they still charge fees unless you officially close the account?

Which has to be done in person.

[RegieRocker]

25. F*cking amazing isn't it?

[Autumn Colors]

39. A letter will usually suffice to close the account

After opening new account, write a letter to the bank with all your account info in it, state that you want to close the account and request that they send a check for the balance and a letter confirming that the account has been closed to your address.

I've closed accounts this way more than once, usually after a move to another city or state.

Never had a problem with it.

EDIT: Send the letter to the address of the bank branch where you opened the account and mail it by Certified Mail.

EDIT 2: I see someone posted the main address for account closures for BoA below.

[RegieRocker]

42. I've never had a problem with walking into a bank and closing

account either have you?

[Autumn Colors]

44. No, I've done it by letter when I had moved & was too far away (nt)

[RegieRocker]

47. So you've never closed an account in person? Never ever?

[Autumn Colors]

139. You misunderstood me.

The "No" = "No, I have never had a problem closing an account in person"

The rest was explaining that the times I did so by mail were after I had moved and was too far away to do so in person.

Just saying that doing this by mail is an option and after signing for a Certified Letter, they can't refuse to close your account like they seemingly can do now.

[JVS]

87. I've never had problems closing in person, but they will give you a sales pitch to try to keep you.

[tammywammy]

43. You can send in a letter

per BOA's website:

"To close your account, please submit your request in writing to Account Closure, FL1-300-02-07, 4109 Gandy Blvd Tampa Fl 33611-3401. Be sure to have all account owners sign the letter and tell us how you would like to receive your balance."

http://www.bankofamerica.com/deposits/checksave/index.cfm?template=lc_faq_acct_info#question7

[oldhippie]

130. A letter? These days?

C'mon. How many people here can write a letter? How about a text msg? :rofl:

[JVS]

86. Yes. Accounts need to be closed in person, otherwise they are simply low balance accounts.

And low balance accounts are the kind that get maintenance fees charged to them.

You might be able to close it online, or on the phone, or via correspondence, but the easiest way to close an account is in person unless you have mobility issues. Simply writing a check for the balance is not a way to close it and will cause problems.

[aquart]

26. That empties the account. It doesn't close it.

They will attach fees for being under the required amount.

[Fire Walk With Me]

12. Do you hear the sound of an ideology crumbling?

[slay]

29. It's time for people to get their money out of the banks for good

IMO. we can not let them control us like this. i already have mine out and in a credit union. hope yall do too.

[RegieRocker]

33. Same here. Did it in 2008.

[Moostache]

40. THIS is how we hurt them....pull your money out of their shell game!

No justice...no pieces (of silver)

[cui bono]

108. I thought it was "No justice, no peas!"

As in I'm not eating my peas until I get justice.

:shrugs:

[Name removed]

45. Deleted message

Sub-thread removed by moderator. Click here to review the message board rules.

[Iwillnevergiveup]

53. Summer 2010

my dad and I went into a BofA where he closed down a CD. He had to show ID, sign a couple of papers, then we waited about 15 minutes for a bank check. No questions asked. Then off to my credit union to deposit the check into a new CD - that actually took longer.

This was before all the recent attention to BofA, and I think if people are planning to transfer funds out anyway, they shouldn't necessarily wait until November 5. The momentum from all the publicity is only going to build and it may be a harder thing to accomplish.

K&R

[AngkorWot]

56. Note the date.

This is before OWS, before the new five dollar fee.

[Gore1FL]

84. The Date is wrong

or it happened twice.

I am aware of this happening in October.

[L0oniX]

55. MOVE YOUR MONEY TO A CREDIT UNION!

[randome]

78. Good eye. And good points made.

Critical thinking is appreciated by some of us.

[Quantess]

66. Don't do it at a rally

and don't do it together with a group of people. There is no need to make a bold statement when closing your account. Just do it quietly and get it done.

[randome]

133. Words of wisdom.

Likely to be ignored by many.

[Quantess]

136. Thanks! I was almost certain that someone was going to call me a killjoy for posting that.

But it's one of those actions that speak loudly without having to make a scene.

[Name removed]

68. Deleted message

Message removed by moderator. Click here to review the message board rules.

[bluestate10]

73. The people should simply go to their local bank branch and close the accounts. nt

[jeff47]

113. Yes, how dare this riff-raff want their money! (nt)

[ThoughtCriminal]

79. I want my tuppence back!

Tuppence, patiently, cautiously trustingly invested
In the, to be specific,
In the Dawes, Tomes
Mousely, Grubbs
Fidelity Fiduciary Bank!

[theaocp]

83. Actually, I recommend doing by way of "protest"

and getting more video and pix of banx bringing in the fuzz to keep people from getting their own fucking money. It's Chinese handcuffs: the more you struggle, the tighter it gets. These clowns only know how to meet force with force. If they'd just let these people close their accounts, there'd be no drama and no story. Thanks to their inept actions, more people take notice. Thanks, assholes. Keep digging.

[Liberal_in_LA]

85. amazing n/t

[radhika]

92. Don't Have to Close - Just Empty It

I'm opening a new credit union account, and will slowly transition my payroll deposits and electronic billpays from Wells Fargo to the new one. I'll also make out checks to 'CASH' or the CU, which they'll have to honor, since there will be money there to cover.

When the balance at Fargo is say, $20.00, I'l formally close it. If they say wait 60 day - hey, I can handle that. Buh-bye.

[harun]

126. I'm doing the same. Just opened my first account at a local Credit Union.

[lumberjack_jeff]

99. A teachable moment.

When you give the bank your money, it becomes their money.

The figure on your bank statement? It's an IOU.

Carefully consider whom you loan your money to.

[nolabels]

101. I learned forty years ago

B of A de-funded my small trust savings account i had been saving up as child by all of sudden charging my account fees for not having the minimum requested amount in their bank.

Just call me happy :-) since some of that karma they have been making is now coming back at them :kick:

[orbitalman]

100. Isn't that tantamount to "stealing?" n/t

[KansDem]

122. I thought the same thing

This is tantamount to robbery. Where are the cops?

[mucifer]

102. I'm closing my account tomorrow. Looking forward to it.

[readmoreoften]

116. They wouldn't let me close my account 5 years ago. They're a scam operation.

If there were ever a scummy corporation, BOA is it.

[Pab Sungenis]

127. What happened

that stopped you from closing the account?

[blindpig]

119. It's the dictatorship of Capital, don't ya know? n/t

[joanbarnes]

129. In a "free" country can hardly believe this. Leave just the minimum balance.

[canuckledragger]

131. K & R

[HopeHoops]

135. Now it would have been FUNNY if they demanded payment of the funds in pennies.

[RebelOne]

149. Np. It wouldn't have been funny because they would have

had to count all those pennies just to make sure they had the right amount.