The bank has no capital. It's been selling assets, at a loss, to raise capital. It has huge losses in US mortgages and in poorly managed European risk.
Just go to any branch. Unless you agree to put your own money at risk to the tune of $500,000.00, the bank will not even cash a check until it has first been paid by other banks that don't trust BofA and rightly so. See if you can cash a Chase check with BofA... ha ha!
These people have put the FDIC at risk with Euro investments.
Our advice... withdraw and find a solvent bank... quickly.
