Tuesday, August 23, 2011

Bank of America wets its beak

A friend just told me that Bank of America is charging a 3% transaction fee on donations to the UN World Food Program from Somalia famine relief. Here is the ESL meets legalese bullshit they sent to him when he inquired:

Thank you for your inquiry dated August 22, 2011 regarding the foreign transaction fee assessed on your Upromise World MasterCard. We are happy to assist you. We definitely understand your concern regarding the $1.20 foreign transaction fee assessed on your account on August 12, 2011 for the transaction processed through UNWORLDFOODPROGRAM, Great Britain. Allow us to inform you that the international transaction fee is the 3% of the transaction. This fee is initiated by transactions made in a foreign currency and any transactions made in U.S. dollars if the transaction is made or processed outside of the United States.

I wonder how much in total thus far these shitheads have managed to cream off the top of funds that are destined for starving people. There is a notification at the very bottom of the donation page at UNWFP that states: “Please note that donations to WFP may be subject to cross border fees, as our gifts are processed by a UK-based bank. These fees may be implemented by your credit card company or bank and are not charged by WFP.” But this language is not part of the reading required to make the donation as it is at the very bottom of the page as the last item in a 5 item list that appears UNDER/AFTER the submit button. 

Regardless of whether this is legally legit, it is morally repugnant that an American Bank is wetting its beak vis a vis transactions meant for desperately hungry people. How about donating that 3% fee to the cause, jackasses. Just add this to the list of reasons to join a local credit union, folks.

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