Consumer complaint received 2019-12-21 00:00:00
Product: Money transfer, virtual currency, or money service — Domestic (US) money transfer
Issue: Other service problem — 
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: FL

Complaint narrative:
On XX/XX/XXXX I applied for Bank of America ( BoA ) Credit, Checking and Savings accounts. I was approved and confirmed. During this online set up process, I initiated the transfer of {$250.00} to the BoA Checking and {$250.00} to the BoA Savings accounts from my XXXX Savings account. Upon doing so, I set up mobile banking online as well. These two payments as well as a {$6.00} " Excessive Withdrawal Fee '' were posted to my XXXX account and the funds were deducted on XX/XX/XXXX ( time unknown ). On the same day at XXXX XXXX, I received an email from Bank of America stating " Dear Customer, we're letting you know that your Online ID has been disabled at your request ''. I did not request this. After five different phone calls, I was finally told I had to go to a Bank of America branch and show two forms of ID to prove my identity. 

I went to a branch the next morning on XX/XX/XXXX, where I was told the BoA Checking and Savings accounts I had previously set up and sent money to were no longer in existence because the BoA team considered me a fraud or security threat of some kind. For clarity let 's call these two first accounts " Set A ''. At the branch I was helped to set up a new BoA Checking and Savings account, which will be " Set B ''. So at this point, I was told by the BoA associate that the {$500.00} I sent to the Set A accounts could not be accounted for, and that he assumed when XXXX sent the money to a ( presumably ) non-existent account they would eventually realize and the money would " bounce back to me '' in a few processing days. Not reassuring but I accepted this. 

The branch associate who helped me also suggested that I use XXXX to transfer money again from my XXXX account to one of the new BoA accounts in Set B. He mentioned, " It only takes minutes to process. '' This was not my first time using XXXX, but he even helped me set it up on my phone to work between both banks. I even received an email at that time from XXXX confirming the action. I then attempted to send {$500.00} from my XXXX savings account to my new BoA Checking account via XXXX. Within seconds, the XXXX team emailed me with " Alert : Problem with your account. Contact Customer Support immediately ... Your XXXX account is on hold. '' This is not the first time XXXX has wrongly flagged me for fraud for legitimate transactions. It happens frequently in fact. I called customer support immediately and the automated system told me my account was unlocked after entering the necessary security information. 

However, I wanted to speak to a representative to see what was really going on and to ensure the payment would go through. So I called and was passed around to multiple departments before being informed that my XXXX account was relocked again for suspicious activity and that all external transfer capabilities were suspended as well ( this was less than 10 minutes after the call stating that I had unlocked it ). They informed me it would take them 24 to 48 hours to '' investigate the account in question '', despite my verbal consent and passing all the security measures. So now, at this point, I have no idea if the XXXX transaction has gone through, because for more than 24 hours, I was unable to even see my XXXX account because of their lock out. Later that same day, at XXXX on XX/XX/XXXX I received an email from XXXX stating " Access Denied for Funds Transfers ''. I still had no access to my XXXX account, though, so I waited. 

On Friday XX/XX/XXXX at XXXX XXXX ... more than 48 hours after the initial suspension ... I was informed in two emails from XXXX that " Your access to XXXX Online Transfers Service has been re-activated '' and in a second email that the {$500.00} XXXX payment was confirmed. The XXXX payment, which " typically takes minutes '', has still not made it to my Bank of America account, but it has been taken out of my XXXX savings. And now I suspect that it will take until Monday at least to see the money go anywhere. 

All the while, I still have not seen any indication of the first {$500.00} being refunded to my account. It has been 7 days since that transfer was initiated and 5 days that the money has been " processing '' in other words : withheld from me with no sign of outgoing or incoming direction. Now, XXXX or some mystical realm of credit is withholding {$1000.00} from me for what I suspect will be several days because of their mistakes. And again, all of this is with no formal documentation or acknowledgement. 

On top of everything, Bank of America sent me a debit card with the wrong account on it. Now, the {$500.00} XXXX deduction does not appear in my activity history, but the deduction reflects on my balance.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation