Bank of America Northwest Frisco Branch
425 Main Street, Frisco, TX 75034Get Directions
Bank of America Branch Customer Reviews
Reviewed By LD_TEXAS Nov 4, 2013
Isn't this deceptive trade practice?
January 2012, I opened a Business Economy Checking account with Bank Of America. Terms: Zero fees as long as I use my debit card at least one time per month (no minimum balance - no minimum spending). --- October 2013 Bank Of America converted. Everyone's Business Economy Checking accounts. Company wide to business fundamentals accounts which has new terms: Must spend at least $250 per month on the business debit card or a minimum balance of $3,000 to avoid incurring monthly fee (the brand new Business Fundamental accounts get 2 months free the rest of us get stuck with paying).
Is this not deceptive trade practices? I was baited with the terms then switched without my knowledge or consent. Is this not extortion? I am forced to pay a fee for a service of which I did not sign up for -or- seek alternate banking which would incur additional expense and time on my part ----Is it legal for Bank of America to force customers to spend their own money via the Bank of America cards? (and why, so they get transaction fees from the other end?) ----Is it legal for Bank of America to make changes to our accounts like this?
ps. I was a 20+ year customer of this bank. shame on you Bank Of America. We trusted you.Thank you for your feedback Is this review helpful?