This was a good week. I closed five of my nine\u00a0Bank of America accounts this week. First of all, these were all business checking accounts which required a $3,000 minimum balance in each of them. I moved them over to Navy Federal Credit Union, which has a $5 minimum balance per account. As a result, I just freed up $17,975 in capital for the five businesses.<\/p>\n
When I went into the Bank of America branch to close the accounts, I asked if I could receive cashiers checks. The branch manager had the audacity to tell me that there would be a $20 charge PER ACCOUNT to receive my own money. She told me I was more than welcome to write myself a check, however for three\u00a0of the five\u00a0accounts, I didn’t have any blank checks. No thanks, Bank of America – I did an ACH instead; and unlike Bank of America, if I initiate the ACH from the receiving bank’s system, there is no charge at all.<\/p>\n","protected":false},"excerpt":{"rendered":"
This was a good week. I closed five of my nine\u00a0Bank of America accounts this week. First of all, these were all business checking accounts which required a $3,000 minimum balance in each of them. I moved them over to Navy Federal Credit Union, which has a $5 minimum balance per account. As a result, … Continue reading “5 Accounts Closed; 4 Accounts to Go”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/posts\/176"}],"collection":[{"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=176"}],"version-history":[{"count":0,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/posts\/176\/revisions"}],"wp:attachment":[{"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}