ronald page

Ronald Page, 55, gambled away $1.5 million from a Bank of America error in overdraft privileges.

*When you think of having overdraft privileges, what comes to mind?

You’re at the store and the bank covers your purchases when you overshoot the funds available in your account, right?

They charge you a fee and give you a chance to replace the funds that you accidentally borrowed.

Well, there is something else that the bank offers that us common folk have not been made aware of.

Ronald Page, 55, was the beneficiary of a Bank of America glitch that allowed him to have unlimited overdraft withdrawals at the ATM. (more…)