• Report: #762668

Complaint Review: Sovereign Bank

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  • Submitted: Mon, August 08, 2011
  • Updated: Tue, August 09, 2011

  • Reported By: Sovereign bank victim — NORTH ANDOVER Massachusetts United States of America
Sovereign Bank
North Andover Branch North Andover, Massachusetts United States of America

Sovereign Bank chargea inactivity fee unethically!!! North Andover, Massachusetts

*Consumer Comment: SCUMBAGS!

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I opened a small business account (for my tutoring service) at Sovereign Bank in 2009. The bank representative assured me that there will be no fees or charges on my account. I deposited $240 and waited for my debit card to deposit more. After two weeks of not receiving the card, I contacted Sovereign Bank to send me a new card. I haven't received the new card since, and couldn't deposit my checks through ATM. Recently, I received a letter from Sovereign bank that they charged $160 inactivity fee from my account.

I visited the bank and explained the situation and told them they don't have a right to charge me without notice. The manager told me that I have agreed and signed to pay the inactive fees, however, I look into the issue more and found out that this new regulation of $16/month inactivity fee started in October, 2010. Therefore, I definitely haven't signed such an agreement and they definitely haven't send me any notice. They unfairly, unethically and even without a notice, charged me $160 from my account.

This report was posted on Ripoff Report on 08/08/2011 07:44 PM and is a permanent record located here: http://www.ripoffreport.com/r/Sovereign-Bank/North-Andover-Massachusetts-01845/Sovereign-Bank-chargea-inactivity-fee-unethically-North-Andover-Massachusetts-762668. 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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#1 Consumer Comment

SCUMBAGS!

AUTHOR: mr rik - (USA)

REPREHENSIBLE B***ARDS!

Since they won't send you an atm card, (per their agreement) and you can't make deposits at their atm, I suggest you use their night deposit box when depositing your bag of feces!

LOWLIFE SCUM!
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