- Report: #351692
Report - Rebuttal - Arbitrate
Complaint Review: Mercantile Bank
Mercantile BankAll Branches All Florida, Florida U.S.A.
Mercantile Bank Commit fraud on customers all Florida
*Consumer Comment: Since when...
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They hold cash deposits on checking account till any debits come in then process debits first, making account overdrawn. Charge orverdrawn fees of $36.00 for each debit. Doing this depletes all your deposit money and you are left owing them hundreds of dollars more in overdraft fees.
This is an illegal practice by this bank. The federal authorities have been notified on this.
When account holder complained to them, they said "Well we have to make money somehow."
DO NOT UNDER ANY CIRSCUMSTANCE OPEN AN ACCOUNT WITH MERCANTILE BANK AND IF YOU HAVE MONEY THERE CLOSE YOUR ACCOUNT IMMEDIATELY.
This report was posted on Ripoff Report on 07/15/2008 05:06 PM and is a permanent record located here: http://www.ripoffreport.com/r/Mercantile-Bank/All-Florida-Florida/Mercantile-Bank-Commit-fraud-on-customers-all-Florida-351692. 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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