• Report: #434409

Complaint Review: Compass Bank

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  • Submitted: Sun, March 15, 2009
  • Updated: Sun, March 15, 2009

  • Reported By: Hunter — Payson Arizona U.S.A.
Compass Bank
B Line Highway Payson, Arizona U.S.A.

Compass Bank Compass will not honor off draft agreements Payson Arizona

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Compass bank failed to honor a signed agreement to automatically transfer funds from an interest bearing account to a none interest bearing account to cover a small over draft. The interest bearing account had 300 times the amount of the overdraft on deposit at the time. The totally unfair overdraft charge was only $38 and the overdraft lasted less than 24 hours because a deposit in the system was not yet; correctly per Compass' rules; credited. Compass can not be trusted to automatically protect depositors from overdrafts even with more than sufficient funds in the Compass system. Both of my accounts were established in the same branch, Payson, AZ.

Hunter
Payson, Arizona
U.S.A.

This report was posted on Ripoff Report on 03/15/2009 08:42 AM and is a permanent record located here: http://www.ripoffreport.com/r/Compass-Bank/Payson-Arizona-85541/Compass-Bank-Compass-will-not-honor-off-draft-agreements-Payson-Arizona-434409. 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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