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    8 years ago

    Quite possibly the worst customer service I've ever experienced at a bank. The managers don't know their a** from their elbow.

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    Bank of America

    Bank of America

    (1 review)

    Extremely Disappointed with Bank of America's HELOC Process!!!!…read moreI have been a Bank of America customer for over 30 years, and BofA is my primary bank, so I expected a much simpler and more customer-friendly experience when I applied to renew my HELOC. Unfortunately, I could not have been more disappointed. The HELOC process was unnecessarily complicated, extremely labor-intensive, and filled with excessive paperwork and documentation. What should have been a straightforward process for a long-standing customer turned into a frustrating and time-consuming ordeal. My financial profile makes this experience even more difficult to understand. I have an 850 credit score, my home is worth approximately $1.3 million, with minimal debt. I am also an existing Bank of America customer of more than three decades. Despite all of that, Bank of America treated this as though I were a brand-new, high-risk borrower rather than a long-standing customer with an exceptional credit history and substantial equity in my home. What is especially frustrating is that there apparently is no simple renewal process for an existing HELOC. Instead, I was required to go through what amounts to a comprehensive new application. In my opinion, that is unnecessarily burdensome and demonstrates a lack of consideration for long-term customers. After more than 30 years of loyalty, I expected Bank of America to recognize the relationship and make this process efficient, reasonable, and customer-friendly. Instead, they made it unnecessarily difficult. I canceled my application and I am taking my HELOC business--and potentially more of my banking business--to another financial institution that values its long-term customers and offers a simpler, more reasonable process. Very disappointing, Bank of America. After 30+ years of being a loyal customer, I expected much better.

    PNC Bank - mortgagebrokers - Updated September 2026

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