![]() In 2014, it paid $727 million for illegally marketing credit-card add-on products. Last year, the bank was hit with a $10 million fine for improperly garnishing customers' wages and also paid a separate $225 million for mismanaging state unemployment benefits during the pandemic. The $250 million financial penalty is one of the highest ever levied against Bank of America. ![]() The company didn't address the CFPB's allegations that it opened fake credit card accounts and wrongly denied them reward points. ![]() You can find a SWIFT/BIC code by looking at your bank statement. As a result of these industry leading changes, revenue from these fees has dropped more than 90%," he said. To make an international money transfer from the United States, youll need a SWIFT/BIC. To order your Bank of America statement online, you must sign into your online banking account and head over to the Statements and Documents tab located beneath your accounts tab. "We voluntarily reduced overdraft fees and eliminated all non-sufficient fund fees in the first half of 2022. With Bank of America, you can request your statement online for either a print copy mailed to you or a paperless digital copy. Bank of America also offered people cash rewards and bonus points when signing up for a card, but illegally withheld promised credit card account bonuses, the regulators said.īank of America no longer charges the fees that triggered the government's fine, spokesperson Bill Haldin told CBS News.
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