Predatory banking practices
I am a disabled veteran, and since 5/21/2007, bb&t has raped me for over $987.00 in nsf fees, when I have had a positive balance, and while they were sitting on cash deposits, and now we are in survival mode trying to stop their feeding frenzy... I am writing letters as we speak to the attorneys general of florida, georgia and north carolina, as well as the fdic to complain about their predatory business practices.
If there is a way to band together and stop them, then i'm in, but I doubt we will ever be able to stop them, until a congressman or senator is raped by them... Then watch how fast they straighten up...
If any of you figure it out, let me know!
P. S. I am told that 6 cases warrants a class-action lawsuit, is anyone interested?
Email me at: [protected]@yahoo.com
They will flat ruin you!
I have had access to my direct-deposited funds on the same day, but the online banking is a big problem. It is true that you cannot know your actual balance online, particularly if you use the debit card. It seems the balance only reflects a nominal portion or maybe a percentage of the actual amount debited and it won't post the full amount or where it went...
Read full complaint and 176 commentsYes, Truist Bank is a legitimate financial institution, formed by the merger of BB&T and SunTrust Banks.
Truist Bank, like all reputable banks, is expected to follow stringent data security measures and federal regulations to safeguard your information and deposits.
As a major financial institution, Truist Bank provides a broad range of reliable banking services.
While scams can target customers of any bank, it's crucial to use official channels when interacting with Truist Bank to avoid potential scams.
Customer reviews and the bank's commitment to service can provide insight into the responsiveness of their customer service.
Charges and fees should be outlined clearly by the bank. Make sure to review these details when opening an account or using their services.
Truist Bank should employ secure technology for its online and mobile banking platforms, ensuring the safe transaction and personal data protection.
You can assess the bank's reputation by looking at reviews, ratings, and commentary in the banking industry.
As a reputable bank, Truist Bank should provide efficient and reliable transaction and transfer services.
Yes, Truist Bank is a member of the FDIC, which means deposits are insured up to the maximum amount allowed by law.
Interest rates vary and should be compared with other banks to ensure competitiveness.
All charges should be transparently disclosed by the bank. Make sure to read all terms and conditions or consult with a bank representative.
Truist Bank offers a variety of financial products which, as part of their service, should be reliable. Always read the terms before signing up for any financial product.
Opening an account should be a straightforward process, with guidance available from bank representatives if needed.
It's advisable to research recent news articles or reports for the latest information about the bank's involvement in any controversies or lawsuits.
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We have been working overseas and our pay has been deposited into a foreign account, therefore our business account went into a dormant status without notifying us. Since we assumed we still had access to our money, this December we transferred 13K from our other BBT account to this supposed dormant account and wrote a check from it for the IRS as not to get penalties for underpayment. We found out that the check to the IRS was denied. We have looked at the BBT Commercial bank agreement and it does not cover this. My Question is if the definition of a dormant account is one without a transaction, the transfer was indeed an allowed transaction. I was told that it was a withdrawal that was needed by the branch, but deposits were accepted. Furthermore in talking with the bank employees "complaint department" and branch both said that we would have to go in to branch to change this and get our account restored and the check to the IRS resent. We are overseas and unable to do so and now we are without the funds in our other account to pay the IRS. I think this is illegal any thoughts or lawyers out there that would provide us information?
I had the same issue. They put a 3 day hold on a check that was drawn off of their own branch, after i was told it would be available immediately. I had a recurring charge go pending while the check was there. I got the NSF fee the same day the pending charge posted...but the deposit had already gone through? something is wrong...how can you charge a NON-SUFFICIENT FUNDS fee when its at your won discretion to hold the funds!
Count us in!
I agree with you. We neeed to start a grass roots movement against the banks o f this country to try and bring these problems to the attention of our government. If that doesn't help, we need to get the citizens of this great country involved in a national boycott of the banks. Let's all open accounts at the credit unions!