• Report: #995747

Complaint Review: pnc bank

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  • Submitted: Sat, January 12, 2013
  • Updated: Sat, January 12, 2013

  • Reported By: susan marx — norfolk Virginia United States of America
pnc bank
249 5th ave Ste30 pittsburgh, Pennsylvania United States of America
  • Phone: 8887624727
  • Web:
  • Category: Banks

pnc bank IRA $25 bank fees pittsburgh, Pennsylvania

*Consumer Comment: Gee, how sad...

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Purchased IRA in 1988 from local Bank. It has been through about five different banks landing currently at PNC Bank in Pittsburgh. PNC has decided with out my consent or notification that they are going to charge me $25 per year to service this account. The account is/1484.12 before they began taking there fees out. I am now losing money every year. I requested they refund the money they stole and cancel my account. Luckily I just turned 60 but if a person was not at least 59.5(like me last year) they would have paid a 10 percent penalty. OH and they only charge this fee to people who have IRAs less than $2000. Way to kick the small guy again. I would be very afraid to put any other money in this bank. They randomly charge fees on anything they feel like. Especially to small investors who do not have the resources to fight them.

This report was posted on Ripoff Report on 01/12/2013 01:41 PM and is a permanent record located here: http://www.ripoffreport.com/r/pnc-bank/pittsburgh-Pennsylvania-15222/pnc-bank-IRA-25-bank-fees-pittsburgh-Pennsylvania-995747. 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

Gee, how sad...

AUTHOR: Ken - (USA)

I have $240,000 in my IRA and am charged a $40 annual fee...go figure.

BTW, what good is an IRA of less than $2,000?

Yes, if not 59-1/2 when you withdrew you would pay regular tax plus the penalty..but you CAN roll the money over into another account instead..no penalty.

You are liable, now, for regular income tax on the amount.

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