Bank of America may not be the safest place to keep your money
I noticed that Bank of America is flooding Reddit with ads lately, which don't allow any comments. So I thought I'd share an experience that a good friend of mine just had with them. She had her money in a savings account there, which wasn't getting more than pennies in interest; she just thought it would be safe. But without asking or telling her, they let some guy in Florida, who apparently had gotten hold of her Social Security number, do a wire transfer of all her funds into his account. Then the scammer got on the phone with her to try and alarm her into divulging more personal information. She didn't fall for it, but he kept her on the phone long enough (pretending that he was calling from the bank) that their arbitrary 15-minute window for cancelling a wire transfer had expired.
When she came into the bank in person, the people there said they thought they could recover her money, since it was in another B of A account. BUT they would need to launch an investigation, and until that ran its course, her funds would be frozen for 60 to 90 business days - which is a lot more in calendar days. The fact that she needed her money to pay for bills, rent, and necessities didn't matter to them. Repeated calls trying to get at least some money to live on got a response of "stop bothering us".
I was astonished that they were so high-handed about this, but there's apparently nothing anybody at the bank can do - it's all in the hands of some secret department that can't be reached. All I can say is - think twice before depositing your hard-earned funds in this bank, especially if you think you might need them. My friend did nothing wrong - except to trust Bank of America with her money.