Got a credit card from them fairly easily, even though i did not have a huge income. After my balance was high for a few months, it was paid in full so that the current balance was $0. 00. The following day i was called by boa to say that they are closing my account due to a "recent credit evaluation". I tried to explain that i have just paid off all 6 of my credit cards and that it would not show on my credit report, but they would not hear any of it. I even asked if i could request it be closed rather than they close it (apparently this is better on your credit report) and they would not even let me do that. What is the deal boa? I pay off all my debt in hopes of improving my credit and you tell me i can't do business with you anymore? Then you try to make my credit report look even worse? Not acceptable!
I went to a Bank of America branch to purchase Mexican pesos for an upcoming trip. When the teller gave me the receipt for the transaction, I saw that they were giving me a little over 7 pesos to the US dollar. At home, looked up the exchange rate for that day and it was over 14 pesos to the dollar. I called the bank and cancelled the purchase. The manager said he had already put the order in but that he would send the pesos back. When the pesos arrived, the manager called to confirm my desire to cancel. He told me that Bank of America would refund my money at a lower rate. In the end, I was charged $80.00 for this cancellation. Never use Bank of America for foreign currency purchase. Their rates are unfair and the process is rediculous