• Report: #909845

Complaint Review: 5/3 Bank

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  • Submitted: Tue, July 10, 2012
  • Updated: Tue, July 10, 2012

  • Reported By: Wygs — Ada Michigan United States of America
5/3 Bank
Grand Rapids, Michigan United States of America

5/3 Bank Predatory fees Grand Rapids, Michigan

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A $0.50 account overdraft developed through an unexpected double charge of $2 because of use of a foreign atm.  Went out of state on business with a new phone without knowing of the overdraft.  Next thing known, the charge is $90 after 2 months and $190 after 4 months!  That's an annual rate of 152,000%!  This is known in other places as "highway robbery."  After appeal, the answer is, "Nothing can be done.  Pay up!"  Someone should write laws against such predatory fees, and someone should take lessons in good old "customer service."

This report was posted on Ripoff Report on 07/10/2012 06:32 PM and is a permanent record located here: http://www.ripoffreport.com/r/53-Bank/Grand-Rapids-Michigan-/53-Bank-Predatory-fees-Grand-Rapids-Michigan-909845. 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.

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