Bank of 'merica F.U.B.A.R.

[3Hotdogs]

Customers who woke up this morning and checked their accounts, found they had a "0 balance." B.O.A. attributes it to a computer glitch.

My wife and daughter both got hit with it.

Wife discovered it and called our daughter.

W: "My accounts show no money in them. Zero."

D: (Calmly) "Well that is a problem. We'll call them at 8:30." Meanwhile, she is simultaneously logging on to her account and --- "HOLY SHIT !" -- as it showed she also had a zero balance. Suddenly, it became a BIG problem.

[TexasTowelie]

1. I did my banking with them for over a decade

because they had a business relationship with my employer (a major insurance company). There was an ATM in the lobby where I worked, a branch across the parking garage, and another branch and 2 ATMs within two blocks of my apartment. I was happy with their services throughout that period.

Despite all of that, I usually kept a significant amount of cash on me or at home in case something unusual like this were to occur.

[kimbutgar]

2. My parents in 1955 applied for a mortgage loan from B of A to buy their first home

They saved For 7 years and had a sizable down payment but were denied because they were African American. It was well known that B of A discriminated against minorities. Asian and Hispanics during that time were also denied mortgages. My Dad told my sister and I to NEVER bank at B of A for that reason. Ironically AP Gianinni started his bank because Italian Americans were denied loans by established bankers in SF and he started this bank for them. Fast Forward to 1955 they were denying mortgages to minorities. My parents ending up getting that mortgage from another small bank and 30 years later they have a mortgage paid off party!

And now I’ve heard it’s worst from all their mergers.