- Report: #552370
Report - Rebuttal - Arbitrate
Complaint Review: Charter One Bank - Citizens Bank
Charter One Bank - Citizens BankInternet United States of America
Charter One Bank - Citizens Bank Citizens Bank Unethical transaction manipulation to genereate outrageous NSF fees, Internet
*Consumer Comment: Totally believe it!
*Consumer Comment: "BANK SONG" is available at the BANK OF AMERICA page of Ripoff Report....
*Consumer Comment: All BANKS are doing this NASTY BUSINESS PRACTICE...
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I learned today that charter one will rearrange trasactions already paid and posted to the account at midnight at the end of the day if the available balance has gone under in an effort to generate more fees than the consumer deserves or has warranted.
in other words: transaction that post as paid to the account can later be treated as if they are posting for the first time if the system realizes that the account has been overdrawn with "pending" transactions to so-called justify the top down rearrangement that will ultimately generate more fees than if the transaction activity weren't manipulated.
these fees then interfere with the consumers available funds to pay the pending chargers, thus resulting in additional fees - often hundreds of dollars in fees.
I am interested in joining a class action lawsuit against these unethical practices.
This report was posted on Ripoff Report on 01/11/2010 09:51 AM and is a permanent record located here: http://www.ripoffreport.com/r/Charter-One-Bank-Citizens-Bank/internet/Charter-One-Bank-Citizens-Bank-Citizens-Bank-Unethical-transaction-manipulation-to-gener-552370. 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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