good news for Bank of America customers

**muzikool** · July 13th, 2005

I remember seeing BoA mentioned in some previous threads, so I know there are some customers here who might be happy about this.

CHARLOTTE, N.C. (AP) -- Bank of America Corp. is rolling out a new online banking security system aimed at making it harder for cyberthieves to crack customer accounts, an effort that comes as the industry struggles with a recent string of high-profile security breaches.

"We definitely want to lead the industry by making online banking more secure," Bank of America e-commerce executive Sanjay Gupta said. "Right now, more than 50 percent of (banking) transactions take place online."

The Charlotte-based bank already leads the U.S. market with 13.2 million online banking customers and 6.4 million people who pay bills online.

Bank of America launched its new online security system, called SiteKey, last month in Tennessee. It is being rolled out this week in Virginia, Maryland and Washington, D.C., and should be available nationwide by the fall.

Full Story

**Jewelzz** · July 15th, 2005

I don't think the bitching was about online secutiry, it was the BofA f*cks it customers a number of ways.

**Son Goku** · July 15th, 2005

I think there was a slight mention to this... But yes, the complaint was more wrt over-draft fees and other such matters as I remember.

Good news nonetheless...though from one matter which I got in email, it does still bring up question of their backup tapes and the possiblity of them getting lifted from the UPS truck. BoA was, as I remember taking some steps following that...

As with any sort of security, it's as good as it's weakest point. If one has a world class security system at the front door, which is hard to crack...but then leaves the back door wide open; people wanting the info won't try to get through the front door. Not worth their time, when there's an easier point to poke a hole through their security...

**gonaads** · July 15th, 2005

Damn... and here i'm thinking that they were gonna do away with their fvcked up ATM fees.

Yeah riiiiiiite.

And they say they want "to lead the way in making online banking more secure". Soooo, does that mean that all this time we were really never secure...? Scarry thought.

**muzikool** · July 15th, 2005

What's the deal with the ATM fees? I'm asking because I don't know, and I'm thinking about becoming a BoA customer. It's the most pleasing option from what I've looked at so far.

**gonaads** · July 15th, 2005

Originally Posted by muzikool

What's the deal with the ATM fees? I'm asking because I don't know, and I'm thinking about becoming a BoA customer. It's the most pleasing option from what I've looked at so far.

This is an old story, but it's worth the read.

http://www.cnn.com/ALLPOLITICS/time/...2/ATM.war.html

Here is some info from B of A on their ATMs:

http://www.bankofamerica.com/search/..._mode=question

Here is their schedule of fees:

http://www.bankofamerica.com/accessi...5-11-3000B.pdf

**muzikool** · July 15th, 2005

Ok, thanks.

My bank now charges for non-bank ATM usage, so I guess I'll already be used to that. BoA has more ATMs around though, plus I hardly ever use them.

I would bypass the fees because of direct deposit into checking, and then a percent of that transferred to savings in order to eliminate the savings fee as well. I think doing all of that gets me checking and savings accounts with no fees!

July 13th, 2005	Top \| #1
muzikool Act your wage. Joined: December 2001 Location: Texas, USA Reputation: Yes, please. Posts: 7,626 Reputation: 2900 Power: 232	good news for Bank of America customers I remember seeing BoA mentioned in some previous threads, so I know there are some customers here who might be happy about this. CHARLOTTE, N.C. (AP) -- Bank of America Corp. is rolling out a new online banking security system aimed at making it harder for cyberthieves to crack customer accounts, an effort that comes as the industry struggles with a recent string of high-profile security breaches. "We definitely want to lead the industry by making online banking more secure," Bank of America e-commerce executive Sanjay Gupta said. "Right now, more than 50 percent of (banking) transactions take place online." The Charlotte-based bank already leads the U.S. market with 13.2 million online banking customers and 6.4 million people who pay bills online. Bank of America launched its new online security system, called SiteKey, last month in Tennessee. It is being rolled out this week in Virginia, Maryland and Washington, D.C., and should be available nationwide by the fall. Full Story

July 15th, 2005	Top \| #2
Jewelzz Queen of Farts Joined: March 2002 Location: Texas Posts: 10,949 Blog Entries: 7 Reputation: 1843 Power: 252	Re: good news for Bank of America customers I don't think the bitching was about online secutiry, it was the BofA f*cks it customers a number of ways.

July 15th, 2005	Top \| #3
Son Goku No lover of dogma Joined: June 2004 Location: 439 East District, Mount Paozu Posts: 1,980 Reputation: 700 Power: 123	Re: good news for Bank of America customers I think there was a slight mention to this... But yes, the complaint was more wrt over-draft fees and other such matters as I remember. Good news nonetheless...though from one matter which I got in email, it does still bring up question of their backup tapes and the possiblity of them getting lifted from the UPS truck. BoA was, as I remember taking some steps following that... As with any sort of security, it's as good as it's weakest point. If one has a world class security system at the front door, which is hard to crack...but then leaves the back door wide open; people wanting the info won't try to get through the front door. Not worth their time, when there's an easier point to poke a hole through their security...

July 15th, 2005	Top \| #4
gonaads Beware the G-Man Joined: March 2002 Location: XP-erience, NTFS, OSNN, Bay Area, California Posts: 18,474 Reputation: 4070 Power: 348	Re: good news for Bank of America customers Damn... and here i'm thinking that they were gonna do away with their fvcked up ATM fees. Yeah riiiiiiite. And they say they want "to lead the way in making online banking more secure". Soooo, does that mean that all this time we were really never secure...? Scarry thought. *"I play violent video games, I could snap at any second."*

July 15th, 2005	Top \| #5
muzikool Act your wage. Joined: December 2001 Location: Texas, USA Reputation: Yes, please. Posts: 7,626 Reputation: 2900 Power: 232	Re: good news for Bank of America customers What's the deal with the ATM fees? I'm asking because I don't know, and I'm thinking about becoming a BoA customer. It's the most pleasing option from what I've looked at so far.

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July 15th, 2005	Top \| #6
gonaads Beware the G-Man Joined: March 2002 Location: XP-erience, NTFS, OSNN, Bay Area, California Posts: 18,474 Reputation: 4070 Power: 348	Re: good news for Bank of America customers Originally Posted by muzikool What's the deal with the ATM fees? I'm asking because I don't know, and I'm thinking about becoming a BoA customer. It's the most pleasing option from what I've looked at so far. This is an old story, but it's worth the read. http://www.cnn.com/ALLPOLITICS/time/...2/ATM.war.html Here is some info from B of A on their ATMs: http://www.bankofamerica.com/search/..._mode=question Here is their schedule of fees: http://www.bankofamerica.com/accessi...5-11-3000B.pdf *"I play violent video games, I could snap at any second."*

July 15th, 2005	Top \| #7
muzikool Act your wage. Joined: December 2001 Location: Texas, USA Reputation: Yes, please. Posts: 7,626 Reputation: 2900 Power: 232	Re: good news for Bank of America customers Ok, thanks. My bank now charges for non-bank ATM usage, so I guess I'll already be used to that. BoA has more ATMs around though, plus I hardly ever use them. I would bypass the fees because of direct deposit into checking, and then a percent of that transferred to savings in order to eliminate the savings fee as well. I think doing all of that gets me checking and savings accounts with no fees!

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