The Notorious Banker

What the hell? Bank of America off the top rope mentions that it will lower the overdraft fee from $35 to $10 effective May, according to their press release. They are also doing away with NSF fees, ODP fees as well. But here's the thing. I will discuss why this isn't all that it is cracked up to be, and how recent products that have debuted are kind of set up to make people get charged with other...

Happy 2022!!! I discuss a CNN exclusive about Bank of America in which they internally committed to their employees a $100 donation to food banks for each employee who gets a COVID-19 Booster. In a roundabout way, they are saying that if you don't share your updated vaccination status with them at BofA, that some people will starve. $100 can buy about 1000 meals for someone in need, and 205,000 em...

On this special XMAS Edition of The Notorious Banker, which also celebrates 3 years in podcasting, we discuss Chase and how they rolled out a new overdraft policy made to "help" customers. Detroit Free Press Article https://www.freep.com/story/money/personal-finance/susan-tompor/2021/12/08/chase-bank-overdraft-fees-assist/8886802002/ We discuss how the new grace period will only lead to even more...

One of the biggest things The Notorious Banker podcast has talked about since 2018, and especially since George Floyd were the stories of discrimination in the the banking industry, particulary, large banks to their customers of color. A KSTP Reporter, Eric Rasmussen, brought us a story of an incident in Minnesota. Joe Morrow went to the US Bank in Columbia Heights after work to cash his check. No...

Capital One made waves on this December 1st by announcing it was getting rid of overdraft fees. While that sounds all well and good, their CEO Richard Fairbank mentioned that it will require an enrollment in an Overdraft Protection program to begin the no-overdraft fee banking. Well, if you are "getting rid" of them, why do I need "protection" from something that isn't there, Richard? My podcast d...

Very frustrating topic to discuss today.  As I predicted last year in the height of the COVID-19 Pandemic, Bank of America was going to leave Gallup, NM. The city, entrenched within the Navajo Nation where hundreds of thousands of amazing folks live is losing the only BofA branch in their area. After the branch closes in February 2022, the nearest BofAs will be in Farmington, NM (100 miles),...

Proud to announce my new book, "Please Try Your Call Again Later" is going to be available on Amazon in a couple days.  Paperback - $14.99 Ebook - $9.99 At least 15% of net proceeds will go to charity to help special needs kids and food insecurity in my home area of Southern NM. In this podcast, I talk about the book chapter to chapter to give you a sneak preview on it. Plus Bank of America s...

Bank of America sent out an email touting Zelle, after weeks of bad publicity about it and how it is used to scam people. I refer to it as a "Nigerian Prince Scam built into an app" The email, which talks about easily identifying people who use Zelle in your phone book doesn't account for how crooks phish for information in order to complete these scams! Anyone can plug in any number, see if they...

So much crappy Bank of America stories today: First, a nationwide outage of all things BofA: Online and Mobile Banking, ATMs, Teller Systems, and Debit Cards all stopped working early Last Friday, on the 1st of the month when banks are usually full with clients who only show up 1x a month. I discuss how stunning it was that BofA acknowledged it to the media, the weird length they went to to emphas...

Just a nice long rant podcast about how the State of New Mexico denied my unemployment claim just like countless thousands of people get denied for little to no reason. I was blamed for not contacting them sooner, when the toll-free number disconnects you if all operators are busy. Despite phone records proving inability to get help from them, and a several dozen list of companies I have sought jo...

This podcast is dedicated to our friends, evil Zelle and Bank of America, part owner of Zelle's holding company. On a recent San Francisco newscast, ABC7 reporter Michael Finney brought us a story of Page , a school nurse in the Bay Area who was victimized by a crook who told her to "verify" potential fraud over the phone (while calling from a number purporting to be BofA) and when she did "verify...

Bank of America just one week after announcing the retirement of Tom "Toxic Culture" Montag and Anne Finucane , Bank of America shuffled the jobs of half a dozen people at minimum despite record high quarterly earnings and supposed stability within the company . I discuss how this is normal for Bank of America to shuffle stuff for the sake of shuffling because they are bored, and I used my own exp...

Thank you so so much for the support the last 12 days. I was diagnosed with COVID nearly 2 weeks ago, and it has been a hell of a ride. Lost 16lbs, sweating all the time, tiredness... unable to work the way I like to work. It has been a journey. I talk about it a little bit and I talk about how it will slightly impact some of the things I poop on Big Banks about! Plus, A story I wanted to talk abo...

I was in Vegas for WWE Summerslam last Saturday at beautiful Allegiant Stadium (Although it looks unfinished on the inside).  I had a blast. I missed Vegas, and was glad to see new things. In the middle of the event, a tweet from Darren Rovell stunned me. The event I was at was having severe behind the scenes issues with their vaunted Cashless payment system, which didn't allow the purchase o...

I can't believe it's been 3 years since I got fired from Bank of America. So much has happened since then. I have become this amazing podcast host and of course, consumer advocate on Twitter. I discuss how the firing went down with some perspective 3 years later, and also my thoughts on would I still be working there if they didn't fire me? Plus I have a listener question about "Successful Bank Ro...

Condolences to Bank of America Employee Michelle Avan's family, friends and colleagues. I have the unfortunate duty to report that a prominent BofA executive was murdered yesterday, and her alleged killer is a co-worker at Bank of America. Details are sketchy at this time, but the arrest was made today, and an outpouring of support has come from Michelle's colleagues. I discuss this tragedy. NBC L...

KPBS Original Article on Story The Root's Article Bank of America in San Diego sets a new low when it comes to bad customer service. In a state where Bank of America has been accused of racism while cashing checks before , they refuse to cash an Attorney's $12,000 check giving him lame excuses why they couldn't. (I break down in this podcast those lame excuses). When the excuses are met with skept...

Bank of America rolls out the "Unlimited Cash Rewards" Card which gives you a flat 1.5% on all purchases. Looks Shiny and Amazing ...Until you realize, it eliminated the 2% on groceries and 3% on Gas Purchases, and how this card screws over even their beloved preferred clients. I also talk about a targeted ad for a new "overdraft protection" product that does nothing but highlight how BofA oversol...

LA TIMES Article on Bank of America wanting out of their contract after California EDD extended it this month In this podcast, I discuss my success with NM Unemployment, and then pivot to a less successful unemployment, California. Bank of America boldly states it wants to no longer be in the unemployment business, despite the state of California exercising their option to extend the deal for 2 ye...

Wells Fargo announced today it was shuttering all personal lines of credit. Hugh Son CNBC Article Normally, I would chalk this up to "Not a big deal" because as a banker, I know what it means, but over 13,000 Twitter posts in a couple hours, with most comments being ignorant and uneducated made me do this podcast. All "Personal Lines of Credit" does not include credit cards, home loans, car loans,...

Thanks for the love! 3150 Followers on Twitter @BankBetterGuy 5700+ Followers on Tiktok @NotoriousBanker Subscribe to help The Notorious Banker Fight Against Big Banks: Patreon.com/NotoriousBanker I discuss Bank of America's 15 year tumultous run in Chicago, and how a lot of my work seems to always lead to horrible unethical banking in Chicago, a city I love. Nicole Scammed With Zelle Through BofA...

I discuss the Tara Siegel Bernard article in the NY Times about how certain banks are changing their view on overdraft fees, offering alternatives in light of Ally doing away with OD fees. The main thing I discuss is the Balance Assist program from Bank of America , how it is actually impacting more people negatively because of its rigid terms. I also discuss how the numbers show that OD fees impa...

First, I talk about my upcoming food drive where we are donating breakfast essentials to needy kids of southern NM and anything you contribute to TNB will benefit them greatly. I am giving 50% of it to charity! More info here Patreon.com/NotoriousBanker or CashApp/Venmo - TheBankerDude Then, I discuss what is going to be an upcoming feature to this podcast. So many people reach out to me for basic...

Dedicated to the Memory of my Niece Ariya, who passed away last Sunday. She gives me the strength to fight for people every day, because she was such a fighter. Today we talk about some big wins for consumers: First, Online bank Ally announced last week that Overdraft Fees are going away ! They made the announcement and was met with widespread praise online. Of course, Ally was once GMAC , named a...

Thanks to all my followers and listeners who have supported me in the last week. I talk about several things in this podcast: First off, my quest to be verified, now that Twitter has reopened verification applications, and how this will help the podcast. Plus I talk about the HILARIOUS Senate Banking Committee hearing on big banks helping during the pandemic . We discuss a lot of the topics they t...