Bank of America to charge $6 Mortgage Pay Charge

No wonder Joe Public have very little time for banking institutions and financial houses because as usual banking considerations always take priority before the bank’s customers

Here is a report about the Bank of America courtesy of The Cosumerist – quote – Bank of America is making an 11th-hour push for inclusion in the upcoming Worst Company In America tournament. Starting in February, folks with BofA mortgages who don’t have BofA bank accounts will see their current 15-day grace period for making payments cut by 40%.

Consumers who use the bank’s online payment tool, Mortgage Pay, will risk a $6 fee if they fund payments using another bank’s checking account and the payment falls during the final six days of the traditional 15-day grace period. Consumers who make payments from Bank of America accounts are not subject to the fee.

BofA a company that does not give ‘two hoots’ about their customers!

‘What can one say about the Bank of America – Zilch!’

Read all the report here below

http://consumerist.com/2011/01/making-your-bank-of-america-mortgage-payment-within-grace-period-could-still-cost-you-a-fee.html

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