ED Magedson – Founder
FIFTH THIRD BANK, CINCINNATI OHIO4969 Mulhauser Road Hamilton, Ohio United States of America
I have had an auto lease with Fifth Third bank since 2005. Next month is the end of my lease. I have been hit repeatedly over the years with additional fees that they had called in the letters to me late fees. But they were not your typical $35.00 fees. On average they would be anywhere from $150.00 to the latest $500.00. Because of the economy and problems with my employment I was late so I didnt think anything of it until the charges seemed to get larger and recurring too often. I requested an account summary and had my accountant look it over. He found that they had overcharged my account over the years by more than $7000.00. On the account summary there were line items for late fees, payments. The other charges just showed up as being paid but did not state what they were for.
When I call 5/3 to try to work through the overcharges I was told that the charges were valid although they were unable to say what they are for. Now I have to figure out whether or not I want to pay them anymore money (last two payments). I am over on the mileage so it is going to cost an additional $2000.00 when I turn the vehicle in. I have also read on the internet that they have added late fees to consumer at the end of the lease. They are into me for over $7000.00 and now I have to consider paying an attorney in order to get my money back. What is with this bank and their fake charges? They seem to do it to everyone.
This report was posted on Ripoff Report on 10/16/2009 07:29 PM and is a permanent record located here: http://www.ripoffreport.com/r/FIFTH-THIRD-BANK-CINCINNATI-OHIO/Hamilton-Ohio-45011/FIFTH-THIRD-BANK-CINCINNATI-OHIO-Other-Charges-on-leasing-account-Hamilton-Ohio-510511. 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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