Connect with us

Hi, what are you looking for?


Special Report: Why is BOA Giving Millions of Your Dollars to Cali and Texas?

Special Report shows that BOA appears to be enmeshed in a new consumer firestorm involving transferring tens of millions of dollars to California and Texas.

11/15/2011 // Arlington, VA, USA // hhkraft // Harold Kraft

Bank of America (BOA) appears to be enmeshed in yet another consumer firestorm. BOA, desperate to replace fees from its failed debit card charge program, has been quietly transferring tens of millions of dollars to California and Texas. This Special Report, analyzing state records, shows that BOA made thousands of alleged transfers to the states. Just the states of California and Texas alone have a total that appears to exceed forty million dollars. The Special Report is available at and lists tens of thousands of individual transfer facts.

BOA recently made news when it tried to keep its profits afloat on the backs of its customers by hitting them with a $5 debit card fee. Under public and congressional pressure, BOA allegedly removed these fees, but has been quietly adding back new fees on customer accounts.

In one industry observer’s view, BOA has said “You pay me one way or you pay me another way.” For example, BOA now charges as much as $20 to replace a lost debit card. And in some cases they will try to collect fees on unemployment benefits.

What makes this Special Report stand out is the schizophrenic nature that BOA shows by charging their customers as much as legally possible, as often as possible, for every reason possible, while at the same time transferring over forty million dollars to other states.

For more information, review the full report and details at .

Contact information: [email protected]

Social Media Tags:BOA, millions, consumer, Texas, California

Newsroom powered by Online Press Release Distrubution –

You May Also Like

press release

With a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world.


State would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act

Health News

The cosmetic and facial plastic surgery practice is hosting a grand opening celebration and ribbon cutting for its new Chattanooga state-of-the-art location.

press release

#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) —  According to a comprehensive research report by Market...