- Report: #5718
Report - Rebuttal - Arbitrate
Complaint Review: BANC OF AMERICA
BANC OF AMERICANationwide U.S.A.
Banc of America 'Shame on you' for Charging $72 to transfer my Roth IRA *Consumer Suggestion *REBUTTAL
*0: Wrong, wrong, wrong, WRONG!!! ...standard only for the rip-off banking industry
*0: These are fees that are standard throughout the industry
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THEY CHARGED ME $72 DOLLARS TO DO THE TRANSFER. WHEN I OPENED THE ACCOUNT A COUPLE OF YEARS AGO THEIR FINANCIAL ADVISER ADVISED ME TO INVEST INTO THE FUND THAT I INVESTED MY MONEY INTO.
I HAVE PUT $4000 DOLLARS INTHE ACCOUNT AND WAS TOLD THE PUTNAM FUND WAS FAIRLY CONSERVATIVE AND WOULD ONLY MAKE MONEY. WELL IT LOST $1400 DOLLARS OVER THE PAST YEAR.
NOT ONLY HAS IT LOST ALOT OF MONEY BUT ALSO BANC OF AMERICA HAS THE ORDASITY TO CHARGE ME THE $72 FEE TO TRANSFER THE ACCOUNT.
MOST REASONABLE INVESTMENT PLACES DO NOT CHARGE A FEE OR ONLY A MINIMAL FEE. WELL I TOLD BANC OF AMERICA THAT THEY HAVE LOST ME AS A CUSTOMER FOR EVER. SHAME ON THEM! (REF MY ACCOUNT # RS7-225398)
This report was posted on Ripoff Report on 07/13/2001 12:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/BANC-OF-AMERICA/nationwide/Banc-of-America-Shame-on-you-for-Charging-72-to-transfer-my-Roth-IRA-Consumer-Suggest-5718. 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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