- Report: #1121708
Report - Rebuttal - Arbitrate
Complaint Review: Amscot Financial Services
Amscot Financial Services4100 Little Rd. New Port Richey, Florida USA
Amscot Financial Services Rip off fees for loading card New Port Richey Florida
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Does anyone out there want to know how Amscot rips off people on Social Security?
Well, let me tell you. I just received my first payment of Social Security for the amount of $2,163, which I loaded the entire amount on my Amscot card. It clearly states in their terms and conditions that it only costs $4.95 to load your card, but they charged me $62.73. Is this a rip off or what? Do yourself a favor and stay away from this card. Not only do they rip you off on loading fees, but they also charge $3.95 for monthly fees, 75 cents if you charge on the card, and 95 cents if you use it as a debit.
I called customer service about this matter, and you know what they told me? When I put my $2,163 check on my card, that Amscot has to cash it first, then put it on the card, just so they can get their $62.73 loading fee. I don't remember ever telling anyone at Amscot to cash it. What a crock!!
If anyone needs to cash a check, the best way to do it is to go to Walmart. Their fees are much less. However, remember that they cannot cash anything over $2,000 at a time. Stay away from Amscot at all costs. It's not worth it in the long run.
This report was posted on Ripoff Report on 02/07/2014 09:12 AM and is a permanent record located here: http://www.ripoffreport.com/r/Amscot-Financial-Services/New-Port-Richey-Florida-34655/Amscot-Financial-Services-Rip-off-fees-for-loading-card-New-Port-Richey-Florida-1121708. 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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