A recent decision by the California Supreme Court has overturned a ruling in the court case Miller v. Bank of America. It was decided that BofA lawfully used money from accounts containing Social Security deposits to recoup overdraft fees charged to the accounts. What does this mean for bank customers? In the past, banks have been eager to pass back fees taken out of accounts that receive Social Security deposits. If the bank was challenged…
Posts Tagged ‘bank of america’
Another Sucess Story
This article was published last week in The Consumerist, documenting a success story of a Bank of America customer that was able to get $315 worth of overdraft fees refunded with a simple letter to his bank. This is a prime example of how contacting your bank and threatening to take your business elsewhere can have a profound impact on getting your overdrafts back. I would again encourage everyone to keep hope…