Bank Of America Change Order: Fill & Download for Free

Visa's predecessor was BankAmericard, created by Bank of America (BofA).As concerns start-up costs for merchants, please keep in mind that, initially, merchants used low-cost "knuckle-buster" mechanical imprinters rather than today's electronics- and communications-laden devices.Photo credit: Sun State Merchant Services LLC (http://www.sunstatemerchantservices.com/imprinter-combo-knucklebuster-p-86.html)Quoting VISA The Power of an Idea by Paul Chutkow (Copyright 2001 Visa International), pages 66-70 (emphasis added):Thus it was that on September 18, 1958...the Bank of America launched the BankAmericard....The bank also began running a series of ads that were designed to resonate with America's most basic yearnings and change its most basic notions of the nature of money....Most merchants and consumers...responded positively to the new BankAmericard. Merchants reported that card usage was strong, and people tended to spend a little more freely than they did with cash. Many merchants also felt they gained prestige through association with the Bank of America....As the BankAmericard program continued to grow in sales and popularity, other banks in California and around the country watched with a mixture of envy and admiration....[I]n 1966 the Bank of America decided to move forward and develop a franchise system. It invited several banks to join its BankAmericard program, thus becoming the first bank in the nation to license its card.

I have a few of these.Wells Fargo:My roommate was balancing her checkbook and noticed a small discrepancy in her bank statement. She checked out several times and it was still off. (This was a long time ago but I think it was less than $5. Still, it was a mistake.) She had me check it. I got the same numbers she did. This was not from the checkbook where you could miss something, but the statement itself was missing some transaction so the numbers did not add up. We suspected an unlisted fee or something so we went to Wells Fargo to have them explain and/or Fix it. The crazy woman would NOT look at her account or the statement, just kept repeating in a robotic way, “There can't be an error, the computer does the math. Banks don't make mistakes!” Riiiight.Bank of AmericaIt was my first bank account and I was kind of excited tbh. I presented my paycheck to open an account. The most money I'd had at once in my life. The bank representative opened my new account and presented me with some temporary checks to last the 5 days until the regular checks could be ordered. I then used those checks to pay several small bills I needed to pay (less than 50% of my paycheck.) Two days later I started getting mail from the bank. All the checks bounced. Bank charged me nsf fee of $25 per check I wrote. All the places i’d paid charged me another $25 for giving them a bounced check. When I went to the bank to see what was wrong I was told that “everyone knows" new accounts have first deposit on hold for two weeks to prevent fraud. They could not explain what temporary checks were for if all accounts are on hold two weeks and new checks only took 5 days to print. I had to go though many complaints and take it all the way to the branch manager to reverse the nsf fees. The places I had paid never again took checks from me. After I left BoA a couple years later, they had me in chexsystems over this so I couldn't open a new account anywhere for a long time.United Bank of New Mexico (I may recall the name wrong, they no longer exist anyway)I was really broke and had just over $20 left in my account. I needed $16 for something and didn't want to pay atm withdrawal fees so I stood in line for the teller. After a long wait, the teller told me she could not give me the $16 from my account because it was over half my balance and withdrawing that much would require me to close the account. Being with left with no other way to get my money out, I told her “ok, fine close the account and give me all my money.” She then told me I must give 14 days notice to close the account. Frustrated, I decided to get $10 and borrow the rest from a family member, since $10 was just less than half my balance. She then informed me that since I had notified her that I intended to close the account, she was unable to give me any funds for a period of 14 days! I then walked the 3 feet to the atm, withdrew $15 and paid the $5 atm fee. I left the remaining dollar and change in the account and never returned to the bank. It's no wonder the bank no longer exists with policies like that!Now I only use credit unions and never deal with stuff like this.

By the strict definition of investment bank (meaning entities that provide financial advice, capital raising and underwriting, and help acquire or merge (M&A) companies on behalf of institutions and (outside of M&A, governments)), the rankings might be:Goldman SachsMorgan StanleyJP MorganLazardEvercoreSource: Best companies to work for|Vault.comBy the loose definition of investment bank (to include entities that do sales and trading and possibly asset management in addition to the narrow definition of investment banking), investment banking prestige tends to correlate with tradition (Bear, Lehman, Drexel aside, finance doesn’t change all that much - the order of numbers 3 through 5 may vary over the years) and the outsized mindshare that IPO, M&A and investment banking league tables tend to have, the list shifts, maybe to something like:GoldmanMorgan StanleyJP MorganBofA Merrill LynchCitiThe reason is strict investment banks like Lazard and Evercore do not really do any sales and trading or asset management and are too small to be thought of as all-around competitors to Goldman and Morgan Stanley.Investment Banking ScorecardDisclosure: I own stock in Morgan Stanley and Bank of America.