• Report: #384078

Complaint Review: Regions Bank

  • Submitted: Thu, October 23, 2008
  • Updated: Tue, November 11, 2008

  • Reported By:na Florida
Regions Bank
regions.com Nationwide U.S.A.
  • Phone:
  • Web:
  • Category: Banks

Regions Bank Regions Bank debited my personal account for a business flexline payment citing section #37 of the agreement but my ends at section #35 and has no #37. St. Petersburg Florida

*Author of original report: Not not true because of separate account identities

*Author of original report: Not not true because of separate account identities

*Author of original report: Not not true because of separate account identities

*Author of original report: Not not true because of separate account identities

*Consumer Comment: Right of Offset

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My business flexline of credit agreement ends with section #35 but Regions us using a section #37, which does not exist on my agreement, to debit from my personal checking account. There was no authorized draft agreement between my business and personal Regions account for. This debit caused numerous overdrafts and NSF's on my personal checking account.

Kh
na, Florida
U.S.A.

This report was posted on Ripoff Report on 10/23/2008 09:36 AM and is a permanent record located here: http://www.ripoffreport.com/r/Regions-Bank/nationwide/Regions-Bank-Regions-Bank-debited-my-personal-account-for-a-business-flexline-payment-citi-384078. 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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REBUTTALS & REPLIES:
0Author 5Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

Not not true because of separate account identities

AUTHOR: Kh - (U.S.A.)

The business account is a corporate account established under a tax-id number and the personal account was established under a personal ss#.
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#2 Author of original report

Not not true because of separate account identities

AUTHOR: Kh - (U.S.A.)

The business account is a corporate account established under a tax-id number and the personal account was established under a personal ss#.
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#3 Author of original report

Not not true because of separate account identities

AUTHOR: Kh - (U.S.A.)

The business account is a corporate account established under a tax-id number and the personal account was established under a personal ss#.
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#4 Author of original report

Not not true because of separate account identities

AUTHOR: Kh - (U.S.A.)

The business account is a corporate account established under a tax-id number and the personal account was established under a personal ss#.
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#5 Consumer Comment

Right of Offset

AUTHOR: Ken - (U.S.A.)

It's called Right of Offset. If you are delinquent on a loan, a bank has the legal right to tap any account they have with you as a party. It is generally not well advised to keep personal accounts in the same bank as business accounts for this reason.
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