• Report: #607114

Complaint Review: TD Banknorth

  • Submitted: Tue, May 25, 2010
  • Updated: Thu, May 27, 2010

  • Reported By: Botsy — Glastonbury Connecticut United States of America
TD Banknorth
Hartford, Connecticut United States of America

TD Banknorth online statements reflect incorrect balances, monies available, finding ways to collect more fee's Hartford, Connecticut

*Consumer Comment: Actually...

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

My unfortunate experience with Banknorth, I 've been customer for 10 years, started with new fee's being deducted from my accounts. They have designed creative explainations that they can stand behind because it's based on electronical transaction times. They'll allow you to take money that later on they tell you was not really there? Isn't it odd that they can charge you for monies that are not available, but yet they still give it to you?? Then you get the penalties, fee's that they thrive on, but they do say they're sorry!


Banks are big business and there's not much that probably can be done to stop this nonsense, but you can choose other options. My feedback to anyone looking for an honest, customer focused bank would be to stay away from these types!  


I heard Charles Swab has great products that actually give you same features like checking, ATM, Credit Cards but they don't try to take your money, they actually have interest being paid into your accounts. What a novel idea! Just say no to Banknorth!


 


 


This report was posted on Ripoff Report on 05/25/2010 01:51 PM and is a permanent record located here: http://www.ripoffreport.com/r/TD-Banknorth/Hartford-Connecticut-/TD-Banknorth-online-statements-reflect-incorrect-balances-monies-available-finding-ways-607114. 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.

Click Here to read other Ripoff Reports on TD Banknorth

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Actually...

AUTHOR: Ronny g - (USA)

Two easy ways to prevent fees...

1) do not spend more then you have, only depend on your own records, not the banks

2) opt out of overdraft coverage...

The problem is, the banks encourage us to depend on the online statements as a reliable way to 'manage' our accounts. Just read ANY bank literature and you will notice this.

Of course many find out too late..that the 'available' balance as posted is not real time, transactions are held, come and go at will, are time re-sequenced and manipulated, and,,, if you trust the "available" balance as accurate, you will most likely overdraft.

Now you stated something in the report that is not true..and I quote..."Then you get the penalties, fee's that they thrive on, but they do say they're sorry!

Banks are big business and there's not much that probably can be done to stop this nonsense..."


There is something being done. Due to all the complaints regarding this..which was the banks "allowing" debit card transaction to be approved when the account was insufficient and giving customers a loan whether they wanted it or not, has not only landed most of the larger banks in a class action lawsuit, but required the feds to step in. ..

"Starting this summer (July 1st for new cards and August 15th for existing accounts) customers will have to opt-in to get overdraft protection on their account. So rather than getting charged $35 for that Snickers bar, your card will be declined. Some people will still prefer not to have their card declined, but you can bet that people are going to save a lot of money (and banks will lose a lot of money) without the automatic opt-in that many banks currently have."



Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
X