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Sovereign Bank / deceptive overdraft policy

1 CT, United States Review updated:

I incurred multiple overdraft notices due to this bank's deceptive practices. I withdrew my funds and will never bank with them again.

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Comments

  • Gr
      11th of Jun, 2010
    0 Votes

    My online check register listed my available balance as $849.62 - and they charged me 5 funds unavailable fees. So yes, they are fraudulent. I waited 4 days after my deposit to pay online bills - each one went through with a new balance total. Everything looked fine for two days until 5 lines of these charges. I called to say they had made a mistake and was told they have the funds available to me at their discretion. I printed out my online statements which clearly shows it as 'available balance' Truly terrible way to treat an account holder. Core States did the same sort of thing years ago and look where it got them. Just a matter of time for Sovereign. Last time I checked, 3 of the 5 local branches were closed. YAY!!!

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