nice bank you got there

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  1. “Your beliefs are irrelevant.”

    Comment by mojo — January 8, 2013 @ 12:45 pm

  2. This whole gun control thing is getting out of control. It really scares me. It’s almost as if ~~~~~~~~~~~~ nah~~~~~~ that couldn’t be could it?

    Comment by geezerette — January 8, 2013 @ 12:51 pm

  3. BofA’s done anti-gun crap before.
    I yanked my accounts from them back in the ’90s (for some gun-related nonsense I don’t recall) with harsh words for the manager and a letter to the president.

    What’s next?
    Is GE gonna refuse to sell me something, ’cause I said Obama’s a jackass?

    Comment by DougM (Progophobe) — January 8, 2013 @ 1:16 pm

  4. I think that may be illegal.

    There is this: http://www.federalreserve.gov/pubs/regcc/regcc.htm

    I can understand that it might take longer to process a very large deposit, and can also see why you might want to place a hold on funds that could take time to clear … but the length of time this guy’s deposits were frozen seems inordinate.

    Comment by PeggyU — January 8, 2013 @ 1:35 pm

  5. I attempted to verify the regulations regarding availability of funds, and it seems like this is the rule.

    I called Clark Howard’s hotline, and they informed me that the link I used above was the appropriate one for filing a complaint against a bank regarding improperly detained funds.

    It seems like a number of people who commented on this had similar experiences with large banks, but from anything I have been able to find, there is no excuse for holding funds beyond a “reasonable” time limit (which seems to be at the outside about 5 business days).

    Comment by PeggyU — January 8, 2013 @ 1:55 pm

  6. She said, “We believe you should not be selling guns and parts on the internet”———–

    Comment by geezerette — January 8, 2013 @ 1:57 pm

  7. To a degree, banks can exercise their own judgement on placing holds, but what BOA did appears to be outside of their discretionary wiggle room.

    Comment by PeggyU — January 8, 2013 @ 2:11 pm

  8. Bank of America has always had a rotten relationship with their customers. I know because, back in the 80s, I used to drive my 80 yr old Aunt (…in law…) to/from BofA in San Clemente, CA. She had a coupla hunnert grand in that bank, yet they treated her like shit. Course she dressed in the same clothes she had bought during the Depression and owned a 1967 Ford 4-door as the original owner.

    I would band with The Bank of Nigeria before Bank of America!

    Comment by Colonel Jerry USMC — January 8, 2013 @ 2:22 pm

  9. Their discretionary wiggle room should only deal with his finances and how it affects his ability to do business with them.

    Comment by geezerette — January 8, 2013 @ 2:25 pm

  10. Concur: This is not their 1st time:

    http://www.nrahuntersrights.org/Article.aspx?id=6457

    Comment by Lurch — January 8, 2013 @ 2:26 pm

  11. Geezerette – Exactly. They are descriminating against his business and they are outside of the regulation guidelines for the amount of time (2 weeks > 5 business days), which is what I was getting at. Even if they had the leeway to discriminate based on their own personal beliefs, they still would have to stay within the timeframe allowed.

    Comment by PeggyU — January 8, 2013 @ 3:10 pm

  12. While I firmly believe that a private business has the right to deny service to anyone, for any reason, this is not one of those cases.
    BofA entered into a contract of service with this customer. They chose *not* to deny service, and now, on the fly, they are changing the rules to fit their game, and you know damn well they are making interest/profit on those funds which are being held.
    The so called “manager” that told him they don’t believe he should be selling guns should hanged.

    Comment by Caged Insanity — January 8, 2013 @ 3:25 pm

  13. The whole “hold” concept is getting pretty outdated. It was originally instituted to make sure that the funds behind a (physical) check that (physically) travel from, oh, Scottsdale to Philadelphia, would be there when the check arrived. It also accounted for any return trip, if the funds weren’t actually there.

    Now-a-days. checks are scanned, and the images essentially e-mailed. I can scan a paper check, upload the scan to my bank, and have credit for the funds the next day.

    Oh, and find a new bank. Something locally based.

    Comment by leelu — January 8, 2013 @ 3:39 pm

  14. I wonder how much Homeland Security actually monitors bank accounts and transactions? I know when you go to set up a new account that the paperwork has become more cumbersome because they now have to provide some information for the Department of Homeland Security. I never read the fine print on that form when I was setting up any of those accounts, however. Probably should have!

    Comment by PeggyU — January 8, 2013 @ 3:52 pm

  15. Like I said this gun control thing is getting out of hand. It’s a fire heading for a gas tank—

    Comment by geezerette — January 8, 2013 @ 3:52 pm

  16. I’ve had to deal with BofA before. They’re a bunch of villainous snotweasels. They treat their customers like sh*t.

    Comment by Fat Baxter — January 8, 2013 @ 4:43 pm

  17. This Inauguration is going to be the jump start for totalitarianism and BO is going to be angling for “His Excellency” for the UN for the 10 years post 2016.

    Image Hosted by ImageShack.us

    Barry, you been foolin with the USA too long. Instant karma gonna get you.

    Comment by LLoyd — January 8, 2013 @ 7:34 pm

  18. “Bank of Obama’s America,” more like it….

    Comment by Buzz — January 8, 2013 @ 8:02 pm

  19. Baxter, at that BofA treats customers better than its’ vendors.

    Comment by rickn8or — January 8, 2013 @ 9:05 pm

  20. Here’s a graphic I uploaded 4/24/12, don’t remember why.

    Comment by DougM (Progophobe) — January 8, 2013 @ 11:41 pm

  21. B of A is not widely known as a Good Guy. American Spirit Arms needs to move its account to another bank. Lawsuits should follow.

    Comment by ZZMike — January 9, 2013 @ 2:20 am

  22. BOA used to be different. NCNB, NationsBank was an entrepreneurial bank that took over BOA & took their name. They got infected with the Bay area bullshit & became politically correct, falling for the community organizers crap & failing to stand up to them and government lending regs. When they got bailed out, enter Bank Boston. It’s now run from there even though the titular title is in Charlotte.

    I have a friend who was head-hunted into a Senior VP job there for his out-of-banking retail consulting experience.

    He says it is ate-up with liberals, but just like Rush’s low-information voters, after Dodd/Frank the liberals were saing “WTF? This ain’t right.” How did this happen to us.

    What happened to BOA & Wachovia/Wells Fargo is that the government basically stole the redneck growing banks from the South & put California & Boston in charge.

    They are using it as their own personal tax entity now. that $8b pay-off for doing exactly what the government made them do is just the start.

    Welcome to the new world order.

    With the Wells take-over of Wachovia, I closed everything including refinancing my mortgage with BB&T. It was run by an Ayn Rand conservative who had to be forced to take bail-out money, kept it a year & paid it back.

    Comment by Stick — January 9, 2013 @ 6:16 am

  23. #1, mojo: “Your beliefs are irrelevant.” is that an Indian or African irrelevant?
    But, seriously, what if the “shoe was on the other foot”? What if some bank froze the funds of some “family planning clinic” because the clinic espoused abortion? You can bet that the MSM, from the alphabet networks to the NYT and WaPo, would be castigating the managers of that bank, pushing for boycotts, and demanding that the Feds take punitive action against said managers.

    Comment by Thunderbottom — January 9, 2013 @ 6:53 am

  24. Everyone in this administration has to take the Hipocritic oath of office before they serve.

    Comment by geezerette — January 9, 2013 @ 8:38 am

  25. I was done with BOA when they started extending lines of credit to illegals….
    No… wait….
    I was done with BOA back in 1983 when they held a CASH deposit made before 11 AM for 3 days and allowed checks to bounce on my account…
    assholes…….
    they have ALWAYS been assholes!

    Comment by Melissa In Texas — January 9, 2013 @ 7:17 pm

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