Credit card or prepaid card -- Problem with a purchase shown on your statement -- Complaint #4658863
Complaint Overview
Complaint ID: 4658863
Company: Bank Of America, National Association
Product: Credit card or prepaid card
Sub-Product: General-purpose credit card or charge card
Issue: Problem with a purchase shown on your statement
Sub-Issue: Card was charged for something you did not purchase with the card
State: North Carolina
ZIP Code: 27519
Date Received: 2021-08-24T12:00:00-05:00
Date Sent to Company: 2021-08-24T12:00:00-05:00
Company Response: Closed with monetary relief
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
On XX/XX/2021 I logged into my Bank of America online account to check my credit card balance to see what payment was due. I noticed an odd transaction called ACH payment refund for {$2000.00} on XX/XX/XXXX. When I called customer service, I was told that this was a refund of my XX/XX/XXXX statement payment that was requested over the phone. I told the customer service representative that I did not request any such thing and she said my information must have been compromised. She said I would not be liable for the charge, closed the card and reissued me a new card. My issue with Bank of America is that I want to know how such a transaction occurred without extra security such as a text message verification code, or email verification code, due to the large and unusual nature of requesting a payment back almost a month later. I have alerts set up that are supposed to send me texts whenever a charge happens, but I did not see any kind of alert that specifically says to notify me when a payment gets refunded. I believe I have the name of the customer service representative who took the call from the impersonator, XXXX, because when I re-checked my email yesterday to make sure I did not miss an email with a code from BofA from XX/XX/XXXX, I saw an email on XX/XX/XXXX from BofA requesting feedback on my recent call with XXXX, when no such call was placed by me. I was also told BofA keeps transcripts of calls with customer service reps. I spoke to various customer service representatives over a few hour period on the XXXX including the fraud department. I was told there has been an uptick in this type of fraud over the last month. I tried various times to find out what specific information this impersonator would have had to provide to get this transaction enacted, with no answers. I didn't ask for the specific soc, drivers license id, etc, just wanted to know what questions should be asked. I would like this information so I know if I need to request a new social security number, driver 's license number, etc. I'm extremely concerned about the security of my bank accounts there, since it seemed easier for this impersonator to get money vs me get answers on what generic questions someone would need to ask to enact this transaction. A huge flag should have been that the impersonator asked for the money to be refunded to a completely different account than I had paid the bill from. If BofA has noticed an uptick in this fraud, any payment refunds should go back to the original account the amount was paid from, in this case my Bank of America checking account, which is always where I pay this bill from. Then I could decide to move the funds elsewhere. There are always data breaches going on, so just because a person can say a social security number, address, date of birth, does not mean that such an odd transaction is legitimate. If I had been called or texted to my cell, this never would have occurred. I also had a verbal passcode on my account and am curious if the person was asked for that. I was not asked for mine yesterday. I have since updated the code and required it to do any transactions over the phone. Perhaps BofA should have other security questions to ask when odd transactions that have never happened come up especially over the phone, since fraudsters are more than likely going to have a soc, date of birth, etc. I'm very disappointed in the seemingly poor security measures of huge financial institution as BofA and their lack to help tell me what information has been compromised.
Frequently Asked Questions
What is Complaint #4658863 about?
Complaint #4658863 was filed against Bank Of America, National Association regarding Credit card or prepaid card specifically about Problem with a purchase shown on your statement. It was received by the CFPB on 2021-08-24T12:00:00-05:00.
How did Bank Of America, National Association respond to this complaint?
The company responded with: "Closed with monetary relief". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Credit card or prepaid card) and describe your issue in detail.
Can I see other complaints against Bank Of America, National Association?
Yes, visit the Bank Of America, National Association company profile at readthecomplaint.com/company/bank-of-america-national-association to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.