Checking or savings account -- Managing an account -- Complaint #4666888
Complaint Overview
Complaint ID: 4666888
Company: Bank Of America, National Association
Product: Checking or savings account
Sub-Product: Checking account
Issue: Managing an account
Sub-Issue: Deposits and withdrawals
State: Oklahoma
ZIP Code: 746XX
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
On XX/XX/XXXX, I deposited a Cashiers Check in the amount of {$25000.00}. The bank made {$5000.00} available but put a hold for the remaining {$19000.00}. The hold is until XX/XX/XXXX. However, I called the issuing bank and they stated that the funds cleared on XX/XX/XXXX. This means that Bank of America has my money but will not release it to me. This is unethical. They are making money off my deposit while I am in debt and have zero financial resources. This is an abuse of their power and excessive to say the least.
Frequently Asked Questions
What is Complaint #4666888 about?
Complaint #4666888 was filed against Bank Of America, National Association regarding Checking or savings account specifically about Managing an account. 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 (Checking or savings account) 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.