Fifth Third Bank / 53.com
United States - 45263
The fee's at 5/3 bank are astronomical. To me it is absolutely ridiculous that they can debit an account immediately, but not honor deposits. This is only a way for the bank to make money. It dishearten's me that a bank in this country can actually run this way. They also deduct everything in your account, from largest to smallest. Convienently for them, if you run out of money, they can charge you more overdraft fee's for all of the smaller items going through. They do not deduct things in chronological order. What a ridiculous company. I have talked with one person and convinced them to not use 5/3 bank. I hope to get others away from there as well.
We have been with fifth third bank for over six years. Last week we deposited several thousand in our account with our tax return check. this was on saturday. on tuesday i discovered we had been charged $270 in overdraft fees..for what??? On wednesday i went to the bank only to discover another overdraft fee of $370. The bank claims that on Friday we overdrew $2.00 on our account. When asked about these fees we got no answer. We deposited thousands on saturday. We then called corporate and were told our check did not clear until tuesday. well according to my online statement, my available daily balance on monday was over $3000.00. They claim they cannot divide the money online to show money available and money pending. well that is misleading and fraud. How can you charge me over $600 in fees for a supposed $2.00 overdraw??? that money was needed to pay off bills and keep our family going and they screwed us. I have since contacted the BBB, and I have also contacted a news station who deals with money matters. Both are contacting the bank. i will not stop until i get this money back.
I have had a car loan with this bank since 2007. I have had them loose my payments where I had to go in with the receipt they gave me along with a cancelled check to have it corrected. Most recently I received 2 payment books in February saying my payment went up in January. Then the collection calls start. Telling me I am 2 months behind. They never received my February payment. I ask and get charged for a record of my payments and see that every single payment has been received and posted on or before the due date and every single payment was assessed a late charge. Its an automatic thing with this bank. I call to complain and I am told it will take 2 days. I call in a week and they say, that adjustment wasn't done correctly. Call back in 2 days. I just got off the phone and am told 10 days. And I should know this as its clearly marked on the form. I don't have a form!! I ask what my payment is since its due tomorrow - two months late - even though they received a payment in February. Where did it go? They have no idea. At the end of each call they ask if there is anything else they can do for me - I ask to mark my loan paid in full. I know on the 5th of next month I will be calling again to dispute the additional late charges. My payment history shows that there was only a 2 month period when they did not charge me this fee. If this is how they report their bad debts and delinquent payments its no wonder they are one of the worst banks in Rockford.
I closed a checking account at fifth third bank and open another one, because i had filed a chapter 13 and gave creditors my account number so fifth third bank let them debit my checking for 2 months and charge me overdraft fees they said they could reinverse me my money . I have file complaint with BBB and Indiana attorney general. I will also filed other complaints they must be in with these creditors.
Just last week 5/3 (Fifth Third Bank) charged me $444 in overdraft fees in one day. There was about $4000 in...
We would advise consumers to avoid 5/3 Bank like the Plague! My husband and I were assessed $640 in overdraft fees from 2/24/09 - 3/11/09, which 5/3 removed from our account. Here's the story: admittedly, we weren't keeping as close an eye on our account balance as we should have, since we were out of town. 5/3 assessed a fee between $25 and $37 each time our account was overdrawn (a few times, the account was overdrawn by $2 and 5/3 assessed a $37 fee each time). When we returned from our trip, my husband deposited several hundred dollars into our account to cover the overdraft. Since the exorbitant overdraft fees from 5/3 were unexpected ($330 in one day), he did not take those into account. Thus, when 5/3 removed the fees from our account, THEY CAUSED OUR ACCOUNT TO BE OVERDRAWN AGAIN. My husband deposited more money to cover the overdrafts, and 5/3 continued to assess fees which they would remove from our account, CAUSING THE ACCOUNT TO BE PERPETUALLY OVERDRAWN. Furthermore, we were not notified of the charges for several days, which led to being overdrawn again. My husband considers this LEGALIZED EXTORTION. We have been 5/3 customers since 2000, but are closing ALL of our 5/3 accounts and taking our money to Chase Bank instead.
In my opinion, Fifth Third Bank 'stole' over $1, 000.00 from me. How they did it was to compile...
Fifth third bank is a ripoff. I refinanced with them in the middlof 2008. I sent my payment in by mail on the first of this month, feb 2009, and last week I received a phone call and letter stating that the payment was not received. I told them that I mailed the payment and they blamed on the mail service. Over the years, my payment has never got lost in the mail with any other bank. This is the second time that they could not find my payment by mail. As instructed by them I made a second payment at a local fifth third bank, this time with a late fee. That payment was posted on the next day. Yesterday they deposited the original check that was sent in the mail because I notice that my bank, where my checking account resides, has returned the check due to insufficient funds. Due to their negligence or witholding my mail on purpose, I had to pay late to them and now I have to pay a fee to my bank for insufficent funds because they tried to get two payments for the same month out of me. Next month I am making the payment in person as I do not trust fifth third bank. I am getting out of this as soon as I get the opportunity. Do not do business with this bank.
I advise anyone considering using Fifth Third Merchant Services for Procesing their credit card charges to...
Please do not use fifth third bank!! They are horrible. I have been ripped off by them three times in 8 months and when I confront them with it they do not care and would not direct me to anyone who could help. In this day and age where there is so much competition in banking this company simply does not care about you and will try to get every extra penny out of you in a sneaky way. The day my mortgage payment was due, they called be at 5:05 asking for payment in full and $100 late fee when I checked my bank account they took their payment out that day but for some strage reason their computers did not check this!! This happened twice in 6 months!!! And the best thing about it is they did not care.
Fifth Third Bank is guilty of Harassing communications this is prosecutable by law according to the Title 13 here in the State of Alabama so if you are getting them annoying phone calls go down to the local magistrate and file a Harassing Communications Warrant for the arrest of the CEO of Fifth Third Bank if enough people do this it is bound to force the illegal practice that they use to be stopped this charge can be multiple and so he can be prosecuted as many time as people file this. They use scrupulous business practices so the only way to fight back is to hit them by using the laws available to the consumers. Please check this with your local laws.
My Paypal is set up so that when there is not enough money in my checking account, they will take the money off my credit card. My bank, however, thinks it’s funny to accept the bill from Paypal instead of deferring it to my card. This way, I overdraft my account. Then they charge me with anywhere between $37 and $99 in fees. This happens because someone will call me and tell me my account is in the red. Then I will go online and transfer money from my credit card to bring it above zero. (This time I had to max out my card to cover all of their fees.) Once it is above zero, and I’ve paid the cash advance fees for transferring from my credit card, the bank will charge me a “daily overdraft fee” which has been anything from $6 to $27. This will usually overdraft my account, starting the process all over again.
I went into the bank the other day and forced them to change my account so when there is no money in it, THE TRANSACTION IS DECLINED. This is how a checking account should work. He said he could set that up but I would have to come in every month and do it again. Excuse me?
I woke up today with another overdraft. A Paypal transaction that was from January (when I had money) was charged to my account. I went back to see how the ### this was possible and saw that my bank had rejected ONE of the Paypal transactions and overdrafted me in the amount of the rest. This is their idea of one last joke. I have been trying to close my account but can’t until all of the fees are paid off. The longer it stays open, the more fees they charge.
I HAVEN’T MADE ANY PURCHASES WITH MY DEBIT CARD IN OVER TWO MONTHS. And yet I get the “Overdraft Phone Call” every morning. Surprise!! Fifth Third Bank hates you even more today than they did yesterday.
My name is Sam Zakarian. I'm writing this in the hopes that someone will listen to my nightmarish...
I recently did a balance transfer with this bank, and from day one it has been an issue. At first they sent me a letter saying they couldn't approve me because of my credit for the amount I wanted. They said they would approve me for $10, 000 but not for the amount I wanted, well my transfer was for $3, 000 so of course a mistake. Then I went to pay my bill on line like I do with all my bills and guess what you can't pay your credit card bill on line or on the telephone with any other means of payment but a fifth third bank account. Also today is Saturday so the representative told me I am late any way because even if the due date is on this day you have to pay the prior business day. Now I will have a $37.00 late fee. I can't stand this company and we bailed banks out when all they do is try to screw us no matter what. Do not do any means of business with this company, they do not let you know important details.
I have been using ATM cards for 25 years and not once has an ATM transaction gone through if the funds are not there. They are always rejected as insufficient. You then lower the amount and it goes through. 53rd introduced MATRIX SERVICE, which is supposed to be a courtesy. It allows you to overdraft a a few dollars and charges a $33 overdraft. They told me they gave me this courtesy because I do not have a history of overdrafts...therefore, they put this on my account without my requesting to make sure I overdraft so that they can collect fees. I am still fighting with them to get my fees back.
If I do not have a history of overdrafts...why do I need something that will allow me to overdraft...it is obvious that it is to collect ridiculous fees./
After this being the SECOND time that this ridiculously absurd bank has given me and my partner the run...
Had a balance of 67.00 and used an atm for 75.00...Had over 400.00 in service charges. I called the band in fair haven michigan where I have had an account for 18 years plus a mortgage (2) and all they would take off was 100.00. Not only that...When I Hung Up...I looked at my account and they closed it the next day.
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Pick on the Little Guy...who else can I complain to...?
1. On 9/05/08 I had balance of 85.34 in checking account (pretty low i know does not happen often) 2. on...
On 10/03/08 I depostied a Government check for $ 336.00 into my checking acct. that had a balance of $ 429.74...
I have read reports submitted against Fifth Third Bank Corp in regards to their methods of creative transaction alterations to unfairly create debits against member's accounts... I AGREE 100% and feel there should be a Class Action Lawsuit against Fifth Third Bank Corp.
1. Fifth Third has withheld debit transactions for extended periods of time then strategically batch posted them while delaying deposits to overdraw the account. They then proceeded to initiate overdraft frees per line item.
2. Direct Deposit- Payroll Direct Deposit is to be posted and available for transaction the day of the posting. On Aug.30, over $4, 000 from payroll was direct deposited into my account. On that day, resulting from their creative transaction management methods, one of their batch postings of debits took the account negative and was overdrawn by approx. $200. Fifth Third did not credit my account of the direct deposit payroll. As oppose to crediting the account, they placed the funds that should be available from my direct deposit on hold.
It forced me to visit the branch office on Saturday morning to discuss the issues. I was told by the acting lead officer that the reason for the direct deposit being place on hold was because she personally placed the account on hold because of the overdrawn status several days earlier. During that discussion with her, I later understood, thru her own admission, that if I hadn't physically visited the office to resolve the issue, my account would still have been on hold status with no funds available.
I then asked a simple question and attained an answer that clearly points to Fifth Third Bank Corp. practicing unethical transactions at the cost of their members: My question was, 'when an account is place on hold, is it done manually, as in by a person and not systematically'; her response was 'yes'. I then asked, when an account is overdrawn, are overdraft fees debited from account thru automation, as in automatic thru their so called 'robust' system, her answer was 'yes'.
Finally my ending question to her and my point- In this day of technological marvels, why and how, from an ethical standpoint, can Fifth Third, or any other banking institution get away with running two systems (manual and automated) that clearly preys on members funds to benefit their organization.