On one occassion, I checked my account balance at the ATM and it showed a positive amount of over $200. We went on our trip, ate at a restaurant and purchased a few other items the same day. I was shocked when we got back to see 5 overdraft fees at $33.00 each posted on our account. When I contacted BOA and told them I had a bank receipt showing my account in the positive before we made the transactions, they told me I had some transactions ‘pending’ that had not yet been posted to my account and therefore did not show up when I went to the ATM. Yet they still insisted that my account balance at the ATM was ‘realtime.’ This was what they had advertised, and of course, what I believed. How can they advertise that their online and atm balances are up to date if there are still transactions on hold? We also would not have been hit with so many fees if they had posted them by the time of day and not the amount! The bank continues to allow use of the ATM card to make purchases even if there is a negative balance. It would be easy enough for them to decline payment if a card with a negative balance is presented, but thier excuse for this is that it is a ‘courtesy’ to their customers. Hogwash! It’s so they can wrack up more service fees – their bread and butter. We’ve been customers of BOA for over 10 years and have NEVER had this problem before.

Recently, we got hit with 5 overdraft fees because they posted the transactions, not at the time they were presented, but based on the transaction amount – higher to lower. The ‘best’ part though is that we deposited enough money to cover all the transactions the same day. I of course contacted them through their mail system online (which is the only way to contact them via the Internet) and they refused to refund the fees because we had deposited the check AFTER the transactions had presented. Can you believe it?

When it comes to DEPOSITING money, they look at what time you deposit it in the ATM, but when it comes to posting transactions, they post them by dollar amount and not time! I am saving everything in case they are finally taken to court

About the Author:

If you have enjoyed this article you can check out more on Bruce’s Blog at www.movietrailermaster.yolasite.com/talk-to-me

Bank of America offers home loan refinancing and modification options to all types of homeowners thanks to President Obamas mortgage bailout. This $75 billion stimulus plan is in place to help struggling homeowners get refinancing or mortgage modification into a better, more affordable monthly rate. Bank of America is participating in this stimulus program and here is how this plan works for homeowners who want to use them for refinancing a mortgage.

Bank of America has always been helping and able to assist homeowners in nearly any situation get help refinancing their mortgage. Now, they can offer even more help to even more homeowners thanks to President Obamas stimulus program. Bank of America is one of a select few mortgage lenders or banks who are authorized to offer this program to homeowners. This is all possible because of over $75 billion in funding that is aimed at helping homeowners save money, avoid foreclosure, or save their home.

This money is going to be given to mortgage lenders and banks as an incentive to help homeowners and follow the stimulus plan guidelines. This money gives them more reason to want to help homeowners, and the financial backing to do so without taking on a large risk and helping a struggling homeowner. The goal of Obamas stimulus is to get homeowners into a monthly mortgage payment they can actually afford, and this money and the participating lenders and banks help push that goal. With foreclosures and mortgage defaults at all time highs, many homes will end up actually losing money if they are lost and need to be sold by the bank or lender. Instead of taking that risk, mortgage lenders and banks are much more likely to help you instead of letting you lose your home.

Homeowners who use President Obamas stimulus plan will get some benefits from refinancing. Some of the biggest ones include:

-No closing costs or fees for refinancing a mortgage with Obamas stimulus plan and an approved lender or bank. These fees usually costs thousands of dollars but are waived with this mortgage bailout plan.

-Mortgage rates can be lowered to as low as 2% or a home loan can be extended in length. Both of these things will reduce your monthly mortgage payments. Sometimes, a combination of both things will be needed to get the payments to an affordable level.

-Homeowners who owe up to 25% more than their home is worth or who have bad credit or financial problems can still get help. Even homeowners who have been recently denied a refinancing can now find the help they need.

Bank of America mortgage refinancing is a great way for many people to save their home, avoid foreclosure, and save money. Never before has such an extensive plan been offered to homeowners. Getting help refinancing is easier than ever. Contact Bank of America and ask about their new mortgage refinancing stimulus options.

About the Author:

I have been underwriting mortgages for years. Recently, I got into a new business but I still wish to share my advice, tips, and industry inside happenings of the mortgage refinancing industry.
For more articles on Mortgage Refinance check out my website

Mortgage refinancing with Bank of America is easier than ever for millions of homeowners thanks to President Obamas “Home Affordability” stimulus plan. The Obama administration has chosen a few selected mortgage lenders and banks to offer this program to homeowners and Bank of America is one of them. Now, mortgage refinancing options exist for all types of situations and are available with easy eligibility requirements through Bank of America and Obamas stimulus plan.

These benefits exist due to cash incentives that will be given to Bank of America and other lenders who have been selected to offer these refinancing options from Obamas stimulus to homeowners. Every time a selected lender or bank follows the stimulus plan guidelines and approves a homeowner for refinancing, they will receive cash benefits for doing so. This money decreases their financial liability and also, as the stimulus plan requires, allows more homeowners in bad financial or mortgage situations to get approved for a refinancing. Bank of America has been one of the leading refinancing providers offering this plan. They have approved many people for a mortgage refinancing using Obamas stimulus program for struggling homeowners. Over $75 billion dollars have been allocated for Obamas mortgage stimulus program, and most of it will be used for these cash incentives for mortgage lenders and banks, like Bank of America, who help homeowners.

While each homeowners situation is different, there are a variety of benefits a homeowner can get by using Bank of America and Obamas stimulus plan to refinance their home loan. Here are some of the biggest benefits:

-Mortgage interest rates lowered to as little as 2% to make the monthly mortgage payments affordable.

-The ability to switch loan types. Homeowners can easily switch between an adjustable rate mortgage into a stable fixed rate mortgage with Obamas stimulus program.

-Easy eligibility requirements even for homeowners with bad credit, financial hardships or an upside down mortgage.

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