- Report: #489454
Report - Rebuttal - Arbitrate
Complaint Review: Regions Bank
Regions Bankhttps://www.regions.com/personal_banking.rf Internet United States of America
Regions Bank Region Bank's online banking routinely misreports charges to cause NSF's Internet
* : The practice may be legal..but...
* : Surely - The Practice is Legal
* : If you're using online banking as a check register...
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Every weekend, if you're balance isn't very high, they will misreport charges on their online banking website, to try to get you to overdraw the account so they can collect NSF fees.
Many times I've seen charges on the account on Wednesday or Thursday, but then on Friday those charges are taken off, in the hopes that by misreporting your balance on the weekend you will overdraw your account. Then on Monday afternoon (after deposits can no longer be credited) they will put the charges back and collect NSF fees.
Surely this practise is illegal. Even though I'm very careful they've still managed to get me several times with this desceptive practise. If anyone can tell me of a federal agency to report this to, I'd be glad to report them. For now I'm moving all my business to another bank, Regions is by far the most dishonest one I've ever dealt with.
This report was posted on Ripoff Report on 09/03/2009 11:30 AM and is a permanent record located here: http://www.ripoffreport.com/r/Regions-Bank/internet/Regions-Bank-Region-Banks-online-banking-routinely-misreports-charges-to-cause-NSFs-Int-489454. 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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