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This is exactly what BofA did to my parents in late 2009 after being loyal, debt free customers with plenty of money always in their accounts, etc. They sent my parents a letter giving them a month to get all their money out and find a new bank. This was after my parents banked with them since 1974. They offered no explanation and claimed they held the right not to give any reason. F**k BofA and the horse they rode in on.
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