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Report: #1116523

Complaint Review: First PREMIER Bank - Sioux Falls South Dakota

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  • Reported By: tunde a — columbia Missouri
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  • First PREMIER Bank PO Box 5524 Sioux Falls, South Dakota USA

First PREMIER Bank Great Rip off on credit card charges- Beware Sioux Falls South Dakota

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When I first camer to United States in 2010, it was a abit difficult for me to get a credit score to open a bank credit card. I was advised to get a prepaid credit card and buold my credit history from there. I approached Premiere Bank and I was told I will have to make an initial cash deposit of $300. I did this by posting a check of $300 to them, this is excluding the processing fee of $75.00. I got my card with $300 on it. I keep paying the monthly charge and annual charge, which the bank always deduct upfront! When I found out that these charges were getting too much on me, I decided that I want to close the account. I notified the bank of my intention, the account was CLOSED in  October 2013 but to my surprise I got charged for 2014 annual fee!

When I inquired why this was so, I was told that it was because I still have a balance on the account. I then informed the bank that what of my initial deposit which I used in opening the account. I was told I will have to pay off the ending balance on my account before that intial deposit can be refunded back to me. I keep making monthly payment but all the monthly payments were being used as one bank charge or the other, my closing balance keep increasing, I even exceed credit limit and I got charged for that, despite the fact i have stopped using the card for any transactions!! This is a great rip off!!

I eneded up by getting money one way or the other to pay off the ending balance on the statement. I contacted the bank that now that I have closed the account, paid the ending balance, when will I get the refund of my initial deposit of $300.00. Up to this moment I have not heard anything from the bank. Premiere Bank is a fraud!!

This report was posted on Ripoff Report on 01/18/2014 02:38 AM and is a permanent record located here: https://www.ripoffreport.com/reports/first-premier-bank/sioux-falls-south-dakota-57117-5524/first-premier-bank-great-rip-off-on-credit-card-charges-beware-sioux-falls-south-dakota-1116523. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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