ED Magedson – Founder
5/3 Bank - Fifth Third BankInternet United States of America
Recently Fifth Third charged me out of control fees for overdrawing my checking account. I made a large deposit which was not credited to my account for a couple of days because the check was from a bank other than Fifth Third. During this time which I thought the money was in my account I used my Fifth Third Jeanie card to make numerous purchases. Also, a couple of months ago I deposited a large check and Fifth Third did not clear it for seven days for me to have access to!!!!!
Online my account did not show that it was overdrawn. Next thing I know I receive a phone call that my account was overdrawn and I owed hundreds of dollars in fees - yes hundreds! My first problem with Fifth Third is the internet does not reflect accurate and current balances. My second problem with Fifth Third is they automatically deduct the highest amount paid out on down. Therefore, all of the small purchases made when overdrawn assess a 33.00 penalty EACH!
Lastly, I want to know how my card still makes purchases when my account is overdrawn???!!!! I know why....so Fifth Third can make hundreds of dollars off of ludacrist bank fees! They have no conscious! I fell apart when I realized how much I owed and I didn't have that kind of money!
Needless to say, I will be taking my business elsewhere! DO NOT BANK WITH FIFTH THIRD! I believe their banking practices teeter on the edge of fraud!
This report was posted on Ripoff Report on 11/17/2009 06:23 PM and is a permanent record located here: http://www.ripoffreport.com/reports/53-bank-fifth-third-bank/internet/53-bank-fifth-third-bank-makes-a-living-on-ridiculous-bank-fees-and-non-customer-frien-525082. 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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