• Report: #396082

Complaint Review: Fifth Third Bank

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Saturday, November 29, 2008
  • Last Posting: Friday, January 02, 2009
  • Reported By:Chicago Illinois
Fifth Third Bank
www.53.com Chicago Illinois 60620 U.S.A.

Fifth Third Bank If you want overdraft fees, Fifth Third is the place to bank Chicago Illinois


1Author 1Consumer 0Employee/Owner

Rebuttal Box | Respond!

  • Respond to this report!
    What's this?
  • Also a victim?
    What's this?
  • Repair Your Reputation
    ...the right way!
    Corporate Advocacy Program
Fifth Third is the only bank I've ever had that purposefully enters checks/debits prior to deposit/credit postings that arrive on the same day just so that they can charge their ridiculous overdraft fees. If you have 5 deposits that post on the 1st of the month, you can be assured that any check/debit that gets to the bank on the 1st will post before ANY of the deposits regardless of when they arrive.

In addition, any non-cash deposits are at risk of being "held" just long enough to cause additional overdraft fees.

Their website offers you a useless "Daily Balance" that means nothing. It can be positive and items can still bounce because the "daily balance" does not necessarily have, what they consider, cleared funds. Your daily balance and available balances can be positive, yet you can be charged NSF fees if a check for a lesser amount hits that day. Everything they do is slanted to put you at a disadvantage and provide situations which allow them to take money from you.

Lastly, an account created on the Internet can only be closed by visiting a branch, unless you do what I did which is zero out the account and just let it sit there until they decide to close it for you. Worst banking experience of my life and if you like being robbed, hurry up and open an account there. If it wasn't for the innocent people that would lose their jobs, I would wish that this bank failed tomorrow.

Cet
Chicago, Illinois
U.S.A.

This report was posted on Ripoff Report on 11/29/2008 7:09:39 PM and is a permanent record located here: http://www.ripoffreport.com/financial-services/fifth-third-bank/fifth-third-bank-if-you-want-o-f3dbm.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Fifth Third Bank

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
1Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

All banks

AUTHOR: Chiaroscuro - Plymouth (U.S.A.)

Just about all banks have a standard turn around time for deposits.

If you make a check deposit on the 1st, and it is a non local check, it will be availible for you to use on the second. You can't use money until it is cleared. Banks have something called the Funds Availibility Act.
Read about it here http://en.wikipedia.org/wiki/Expedited_Funds_Availability_Act

So if you make a deposit on the first, you can not use it till the second so the bank can make sure it's a good check. Cash will be availible the same day. You will run into this at any bank.
Respond to this report!
What's this?

Advertisers above have met our
strict standards for business conduct.