• Report: #502705

Complaint Review: 5/3 Bank - Fifth Third Bank

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  • Submitted: Thursday, October 01, 2009
  • Posted: Thursday, October 01, 2009
  • Reported By: Dean — Grand Rapids Michigan U.S.A.
5/3 Bank - Fifth Third Bank
www.53.com Internet United States of America
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  • Web:
  • Category: Banks

5/3 Bank - Fifth Third Bank, Fifth Third Complaint, Internet


1Author 0Consumer 0Employee/Owner

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I had been a customer of Fifth Third Bank for approximately 8 years. The problem started when they froze my home equity loan. I had access to $50K in cash until and was ready to make an real estate purchase. I spoke with the lender at Firth Third and they things were set but then I got a letter in the mail saying my account had been frozen. Not such a big deal because a lot of banks were doing it at that time and I could simply switch to a new bank. However, they would not refund the $65 annual fee associated with the account I had just paid on the account. They would not even pro rate it or anything.

Subsequently, I bounced a check inside an account where my home equity loan was the back up funds. Normally, if this would have happened it would have cost me $9.00 in a one time per transaction. Well I forgot that the account was closed and they ended up charging me $350+ dollars in fees. I verbally agreed to pay the two $39 charges and the two $9.00 overdraft charges and asked them to reconsider the remaining $260 in fees. I thought this was a reasonable request but the branch manager just let me know they would give me a $66 refund on the fees but that is all they could do.

I told him to keep his $66. I was going to close my account and inform as many people as I could about the situation.

If you stay with this bank or join this bank be prepared to be treated in a similar manner.

This report was posted on Ripoff Report on 10/1/2009 12:27:38 PM and is a permanent record located here: http://www.ripoffreport.com/banks/5-3-bank-fifth-third/5-3-bank-fifth-third-bank-f76e5.htm.

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