Money transfer, virtual currency, or money service -- Fraud or scam -- Complaint #4665509
Complaint Overview
Complaint ID: 4665509
Company: Bank Of America, National Association
Product: Money transfer, virtual currency, or money service
Sub-Product: Domestic (US) money transfer
Issue: Fraud or scam
State: New Jersey
ZIP Code: 07307
Date Received: 2021-08-26T12:00:00-05:00
Date Sent to Company: 2021-08-26T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
1. I advertise for one of the extra room for rent in my House in a classified ( XXXX XXXX ). 2. Some one reached to me via email. He introduced me and attached his driving license for reference. Also he said he is from my home XXXX XXXX and XXXX XXXX, In US he is working in some artificial intelligence company. He seems like legit to me initially. 3. He told he is now in XXXX due to work, need to move to XXXX XXXX because company is asking him for relocate, So now he is looking for rooms in XXXX XXXX. He also said his company is giving the money in the form of check for relocation around {$4600.00}. 4. He asked me a favor, As the company is issuing only one check he wants that check to be in my name and i will keep the first month rent and security deposit which is {$2000.00} ( we agreed up on it ) and return {$2600.00} to his Travel agent. 5. I told him i will not do that. why don't he do all this because it's his money. He said he is closing his bank account ( In XXXX XXXX XXXX ). Since this bank is not anywhere else so even if he deposit the check it will be more trouble to access this money. 6. I could not see any red flags till then because this never happened with me. i trusted him. I thought i am helping someone and thought anyhow he is going to live in same house and agreed to help him. 7. I received the check and deposited in my Bank Of America account on XXXX XX/XX/2021. The check get cleared next day on XXXX XX/XX/2021. So he asked to transfer {$2500.00} to his Travel agent ( XXXX XXXX XXXX through XXXX ( In Bank Of America App ) on XXXX XXXX XXXX i did it. In the mean time he said he will reach here in coming week-end and asked me to make sure room is clean & available. Also he asked me to close the classified as he is booked for the room. I didn't see any red flag till then. 8..The Deposited check is bounced the next night XXXX XX/XX/2021. That's when i realized it could be fraud and reached out to Bank. So after investigating for a month Bank said they can't issue any claim.
Frequently Asked Questions
What is Complaint #4665509 about?
Complaint #4665509 was filed against Bank Of America, National Association regarding Money transfer, virtual currency, or money service specifically about Fraud or scam. It was received by the CFPB on 2021-08-26T12:00:00-05:00.
How did Bank Of America, National Association respond to this complaint?
The company responded with: "Closed with explanation". 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 (Money transfer, virtual currency, or money service) 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.