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Report: #1146222

Complaint Review: Higher One Bank - Internet

  • Submitted:
  • Updated:
  • Reported By: BruceBo — Alpharetta Georgia
  • Author Not Confirmed What's this?
  • Why?
  • Higher One Bank Internet USA

Higher One Bank, Higher One, One Account, Higher One Inc. Higher One Bank for College Refunds & Financial Aid Refunds - RIPOFF!! Alpharetta Internet

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This bank sells themselves on colleges and universities as a means to reduce/eliminate costs associated with the issuance of refunds, particularly financial aid refunds.  The schools must then FORCE the students to open a Higher One account to get their refund.  Higher one then forces it's services on the students, or in the alternative, applies excessive holds to the students funds as a means of inducong the students to use the Higher One debit card to access their own money.  If a student tries to use the online banking to get a check sent to pay a bill, Higher One litterly holds the funds for a minmum of one week, up to two weeks before even mailing a check out. 

Higher One is buying customers from schools by in exchange for some A/P services.  I am not a lawyer, but it does not seem legal, or proper for a bank, or school to be able to force you to open an account with them.

This report was posted on Ripoff Report on 05/13/2014 09:07 AM and is a permanent record located here: https://www.ripoffreport.com/reports/higher-one-bank/internet/higher-one-bank-higher-one-one-account-higher-one-inc-higher-one-bank-for-college-ref-1146222. 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. READ: Foreign websites steal our content

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