- Report: #449790
Report - Rebuttal - Arbitrate
Complaint Review: Orchard Bank
Orchard BankPo Box 80084 Salinas, California U.S.A.
Orchard Bank Account Issued By HSBC Bank Nevada, N.A. not posting payments to customers accounts the bank is keeping the money in their account to boost their fund balances and increase interest earnings. Salinas California
This is not the first time this has happened to me. It seems to me that the bank may be using customers funds to boost their bank balance and increase their earnings using customers money. If this were to be the case this would violate both federal and state banking laws. It most certainly would paint a better picture of the banks financial situation if this were to be the case.
Customers should be compensated for the payments that have not been posted to their accounts in a timely manner. Why should the bank be allowed to treat customers in this manner. This situation needs to investigated by the proper authorities.
West Union, Ohio
This report was posted on Ripoff Report on 05/07/2009 07:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/Orchard-Bank/Salinas-California-93912-0084/Orchard-Bank-Account-Issued-By-HSBC-Bank-Nevada-NA-not-posting-payments-to-customers-ac-449790. 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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