Bank Of America Sold My Checking Account

by Ryan Yates

boaHave you ever had one those moments where you realized that you don’t know how the world works?

Like, you thought you had a handle on the flow of things, but then something happens and you realize “I have no idea what’s going on.”

Well, it happened to me.  Bank of America sold my checking account to another bank – apparently.

Let me set the backstory:

  • get married in 2004
  • open joint checking account at Bank of America, location – Frisco (North Texas)
  • live in Frisco for 8 years
  • move to Eleuthera as missionaries in 2012
  • change home address with BoA to wife’s parent’s house in Nacogdoches (East Texas)
  • receive email that our BoA branch has been sold to a new bank, and our checking account will no longer be with BoA (2015)


Some random brick-and-mortar Bank of America branch in Henderson Texas (90 minute drive from Nacogdoches) was sold to a bank called Citizens National Bank.

But Bank of America is a national bank, right?  I mean, does it really matter where your home address is?  Can’t I open a BoA account in one city and use another branch location in another city if I need to?  Plus, we created our account in Frisco Texas, 3.5 hours away from East Texas.  Why did BoA’s activity in East Texas affect our account?

How did this happen?  Why did this happen?  Can they really do that without my consent???

And let me tell you, dealing with this from outside of America was a NIGHTMARE!  We couldn’t stop our account from changing over, and we couldn’t get back to the states to deal with it in person.

No Answers

To date, I have not received an answer beyond some corporate, line-towing, hubub about under-performing branch locations.

Again, it would make more sense to me if BoA as a financial institution completely sold out to another financial institution.  But this sale was for a few brick and mortar locations.

And don’t even get me started on the security risk.  All of our financial information floating out there just waiting for someone to pick it out as it magically makes its way from one bank to another.  I was just waiting to hear about some big BoA security breach during info transfer.  Luckily, no news yet.

You think you know how the world works, then you get thrown a curve ball.  It just makes me a little less trusting. There’s something else going on just under the surface that I don’t know about.

Ok, I’m done.  I’m heading over to Netflix to watch some conspiracy theory documentaries.

Hope you have a great day!


Nick July 18, 2016 at

I work in banking. This actually happens a lot. I used to work at Wells Fargo, which has acquired many banks, and I currently work for a bank that has one branch in town that acquired and closed down a bank with several branches in town. It’s all very weird.
A banker I used to work with was out to dinner one night and his debit card was declined because BoA had sold to Washington Federal and he was not aware of it, and he his DC had been shut down by BoA, but Washington Federal had not sent him his new card.
Banks use your home location to judge what branch you’re using. So they sold the branch that you’re address was assigned to, so you’re account went with it. You’re account, and the money in it, was probably considered one of the assets in the sale.
It’s a very weird practice, but so very common. My current branch manager has the problem of it looking like she’s had way more jobs than she’s had because banks she’s worked for kept getting acquired.
I wouldn’t be too concerned about security or conspiracy. Banks do this routinely. Keep an eye on your accounts like normal and it should be good.

Ryan Yates July 19, 2016 at

Thanks for the insight Nick. I felt so naive when it happened to me. It feels a little underhanded, like I’m just a pawn in the bank’s money-making business plan. O wait, I am.

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