Bank of America closed down my business checking accounts last week, right before I went away on holiday. No access to ATM, no way to deposit or make payments.
When I tried to find out the reason why, they literally said "we don't have to provide a reason". Keep in mind I've had these checking accounts for 15 years.
They did pretty much exactly the same here with our corporate account on the 24th. Had to spend 6 hours(!) Monday to get it unfrozen and don't actually know if it worked yet...
Sometimes they can't provide a reason, if it was taken down because of the PATRIOT act. But it's BofA, so instead of giving them the benefit of the doubt I'll assume they're just being evil.
When I tried to find out the reason why, they literally said "we don't have to provide a reason". Keep in mind I've had these checking accounts for 15 years.
So yeah, Fuck Bank of America!