burgerwars said:And that's the reason? $26,500 is not a huge amount of money these days. Do they know what an average car costs?

Geesh. I once deposited $100,000 into a Wells Fargo Bank checking account, and then moved the money elsewhere within a week. Wells Fargo never gave me a problem. It's my money. Besides, just because B of A doesn't like it, doesn't mean you need to leave your money in a checking account to earn no interest. But my deposits weren't balance transfer/credit card cash advance checks. B of A may have gotten nervous because of this.BoA loves holds and hates transfers out. Back when I had accounts with them, I had a business checking account and a personal account. I was the owner of both accounts. I deposited my paycheck from the business account to the personal account and they put an 11 day hold on it. This made no sense because I was simply moving funds within BoA. I could verify the transfer, and the funds were available and verified. When I asked about it, the only answer I ever got was that they were doing it because they could.

I then took the only option available to me. I closed my accounts. Except for the two credit cards that I'm using for BT and billpay.

TiteArse said:theficus said:
I called back and spoke to a gentleman about the insult. He was very polite and professional about the entire situation. All he could do, however, was give me an address to voice my concern.

I've dealt with insults so much in my life that it's just like water off my back now. The more important issue is why my accounts were closed and how I had to find out about it, so let's stick to that topic.

I think I can guess the racial slur..

LOL...i'm literally laughing out loud at work

donotdrinkPBR said:DavidScubadiver said:I asked early on in the thread, "are you now or have you ever been a member of any terrorist organization" or something to that effect, and we have not had an answer.What's the point of such a question? I seriously doubt anyone would answer yes, guilty or not.

DavidScubadiver said:This leads me to conclude one of two things. TheFicus is an honest terrorist who won't lie about his activities, Care to let everyone know the evidence which would lead you to come to this conclusion?You answered the question yourself, donotdrinkpbr... I asked the question. He refused to answer. If he's an HONEST terrorist but does not want to disclose his activities, he would not answer because to do so would be a lie. Hence, I concluded he's either an honest terrorist or he refuses to be baited by me. I think its a fair conclusion to be drawn.

As for the point of the original question, it was to bait him. I thought all of that was obvious.

Meadowlands said:This is one of the reasons why I hesitate starting an AOR. You never know what these CC companies and banks will do as soon as you start moving large amounts of cash around. I really want to start doing it but when I hear a story like this it kinda makes you second guess.

This is why I will never put any of my "AOR Funds" in a bank that I also have high debt credit cards with. It just looks way too obvious.

Let them figure out if I am really that much in debt... or I am just playing AOR games.

DjPiLL said:This is why I will never put any of my "AOR Funds" in a bank that I also have high debt credit cards with. It just looks way too obvious.

Let them figure out if I am really that much in debt... or I am just playing AOR games.From a risk management perspective, it would seem that having liquid assets in an account with the lender would indicate an ability to repay the debt. If you borrow money from a bank and soon afterwards transfer a large sum of money to your brokerage account and invest in risky securities, they would have a good reason to worry.

theman2 said:DjPiLL said:This is why I will never put any of my "AOR Funds" in a bank that I also have high debt credit cards with. It just looks way too obvious.

Let them figure out if I am really that much in debt... or I am just playing AOR games.From a risk management perspective, it would seem that having liquid assets in an account with the lender would indicate an ability to repay the debt. If you borrow money from a bank and soon afterwards transfer a large sum of money to your brokerage account and invest in risky securities, they would have a good reason to worry.

I think I'll mail my AOR checks directly to my brokerage. Local banks put an 11 day hold on the funds anyway.

I spoke to my local branch today; the people were friendly but unable to assist me. The manager told me my accounts are locked out and again referred me to the fraud/risk department.

I plan on doing the following today:

1.) Send a complaint to Bank of America via CMRRR.
2.) Send a letter to Bank of America's executive office via CMRRR.
3.) File a formal complain with the OCC.
4.) Draft a small claims complaint to recover all fees and lost interest. I plan on filing this after I receive the return receipts from my complaint and letter to the CEO.

I'll update the Quick Summary soon.

Since when is being muslim a race?

Anyhow, I made a few large withdraws from BoA both on the same day. I had no problems, and no letters. Large as in $70k and $40k. I did all of this in person though, as opposed to online. It required a managerial override.

Ficus, it's time to no longer be a mimosa.

theficus said:I spoke to my local branch today; the people were friendly but unable to assist me. The manager told me my accounts are locked out and again referred me to the fraud/risk department.You should have had the local branch manager call the fraud/risk department in your presence.