What about all the other banks? My business bank is Union Bank and we have had numerous conversations with them about this outrageous practice. They have allowed debit card purchases for as little as 8.00 and then sneakily charged us $34.00 on top of that for the NSF. I have repeatedly spoken to the management about not allowing the purchase if we didn't have enough in our account and repeatedly they have ignored my request. I'm sure these elicit practices go on in all of the crooked banks. So why aren't you going after all of them??

Thank you! I have another concern. B of A is reporting defaults on payments and losses as a result. The problem is--they have increased interest rates on their credit cards and increased payments. People, like myself, who could normally pay are defaulting and getting behind because of the outrageous fees. I have had several late payments over the years. But I have always paid. On my one card my interest rate has been as high as 28.9??%. I have tried to correct "the errors of my ways" and with one exception over the past year have paid on time. the one exception was I accidentally paid on my other B of A card. My interest rate is still at 27%. while it is making my paying back a struggle--I can't imagine what it must be doing to millions of others who are worse off. Chase is the same. There seems to be no appealing. While "punishment " is swift--the opposite--despite repair is very slow. I think my interest rate may have dropped one percentage point.
WHAT CAN BE DONE!

My letter and comments just got deleted when I went to put in the decision makers name.

boa is taking advantage of the little guys. it is unfair.
they should disallow the charge and not accept the charge.

My experience with bofa and the comments I have been getting is that the bank customer service will go through a great of effort to discourage one from opting out. I have reviewed in depth the logic they have to induce one not to optout and .... at the end of the day, my conclusion so far is to go for it and opt out! Use those penalty fees and invest it...

Bank of America is such a joke! The rep is telling me that there is no need to opt-out b/c BofA still charges a $35 eventhough your transaction has been denied! All I could do is LOL...The rep said she agreed, this is stupid, but that is their policy! So, the transaction is denied, and you still pay them the same amount of money! I still opted out, and they will be contactin me to get feedback! I'm certainly going to give them an ear full!

I opted out of the over draft protection last November and BOA, has still charged me for over draft protection 3 times, claiming I wasn't signed up for the opt out. One time, gave me a "courtesy" refund and refused the other two times, claiming, the records didn't show I had opted out. This last time, I got information in the mail (again) showing that I am now on the opt out program.