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Report: #153990

Complaint Review: Compass Bank - Denver Colorado

  • Submitted:
  • Updated:
  • Reported By: Denver Colorado
  • Author Confirmed What's this?
  • Why?
  • Compass Bank 3804 West 32nd Ave. Denver, Colorado U.S.A.
  • Phone: 303-561-3804
  • Web:
  • Category: Banks

Compass Bank ripoff, unauthorized address change, fraudulent ad Denver Colorado

*UPDATE Employee: Don't Bank at Compass

*Consumer Suggestion: Unfortunately Compass is correct

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A week ago (8/10) my mother called me and said she was receiving little postcards for me from compass bank. I told her to open them and see what they were. She said they were postcards stating that my account was overdrawn.

Surprise #1 Cards with my Name Address and account# were going to a different address than when I had opened the account (no address change was ever placed by myself the sole account holder).

Surprise #2 my account (which by records was in good standing) was now over drawn -78.00. The next day I went down to the bank to deposit money into the account.

Surprise #3 I spoke with the teller and my negative balance was $-144.00. I asked her to show me the records of the transaction. Which is when I learned that...... if you are overdrawn in your account they (no one identified who THEY was) place the check through 2X's. The overdrawn account is charged the initial 36.00 and then a day or two later an additional $36.00 for the second time through. This translates to 72.00 per check fee.

Surprise #4 The teller informed me that this is standard practice for all banks. I asked her if she really believed that? And then asked if I could close my account. She said" Not until the overdraft fees were paid and the amount of the checks that had "NOT BEEN PAID!!!" during this entire process." So in essence, My checks were not being paid and any money I placed in the account was paying a hefty $72.00 fine per check to be processed 2X's in a couple of days time.

Three days later and 180.00 paid in fees. I went and spoke with the salesman at the front of the bank. Who gave me the total runaround about what my options are as a customer at their bank.

#1 Close the account and they could do absolutely nothing for me.

#2 Keep the account open and continue (this ridiculous) process until everything cleared.

# 3 Nothing.

So, I informed him that there was another option for me. One he would keep the account open and when another check came through they were going to call me and I would come down and pay it. Because I was not paying another dime into the account that they continued to fee from. I needed to speak with a manager or someone that could do something for me. I left my Phone # and said if one more transaction comes though on that account I better receive a phone call.

I went home to do my investigation of checks that had come through on the account and not been paid. From the three said repeatedly processed checks that "had not been paid" by Compass Bank (told to me by both the bank teller and sales man at the door). Two of the checks had been verified as paid by both my student loan company and my chiropractor. One of the three checks (40.00) amount to another company was the only check that had not been paid. I had paid 180.00 in fees to a bank for a 40.00 check that I believe today they are still placing through the account. The student loan check which compass claimed had not been paid and was one of the reasons I could not close the account. That is fraudulent for sure... more to come as the story unfolds.

Lynne
Denver, Colorado
U.S.A.

This report was posted on Ripoff Report on 08/17/2005 11:14 AM and is a permanent record located here: https://www.ripoffreport.com/reports/compass-bank/denver-colorado-80212/compass-bank-ripoff-unauthorized-address-change-fraudulent-ad-denver-colorado-153990. 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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#2 UPDATE Employee

Don't Bank at Compass

AUTHOR: M - (U.S.A.)

POSTED: Wednesday, September 07, 2005

My suggestion will always be - Get Out and Get Out NOW! Close that Compass account and open one with a real Bank or a Credit Union. From the top down, Compass Bank is not interested in providing a solid banking experience for anyone. The only purpose of this bank is to provide the Alabama FatCats with a slush fund. The yearly goal of the company is to increase the dividend - that's all. They'll do anything to achieve that goal, including rip-off it's employees and customers. However, I do believe they now employ someone to troll this website and provide rude comments to people who have been wronged. That would fit right into the "Compass Way".

Good Luck at your new Bank!

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#1 Consumer Suggestion

Unfortunately Compass is correct

AUTHOR: Dave - (U.S.A.)

POSTED: Wednesday, August 17, 2005

You are blaming Compass for your own shortcomings. If you write a check, and it doesn't clear, it will usually be resubmitted automatically, and not by Compass, but the by business/individual's bank. This could happen more than twice. So, you didn't get ripped off, you bounced a check!! Also, the people you wrote the check to deposited into their bank, their bank credited their account for the money. So, according to them, yes, the check cleared, but they don't know that it has bounced until it comes back to them a couple of weeks later and the money is retracted from their account.

So, the bank didn't screw you, you screwed yourself. Next time, keep a check register!

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