Complaint Review: Fifth Thrid Bank - Orlando, Florida Nationwide
- Fifth Thrid Bank 53.com Nationwide U.S.A.
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- Category: Banks
Fifth Thrid Bank overdraft rip-off Orlando florida
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This bank has established policies that are intended to maximize revenue at the expense of customer. They charge overdraft fees based on transactions that have not yet posted to the ledger. At ledger posting, these transactions are posted prior to offsetting deposit transactions for the same posting period.
The result is an account that never shows a negitive ledger balance is charged over draft fees. To make matters worse, the process withdrawal tranactions are posted from highest to lowest amount to maximize the number of over draft charges assessed.
Using this criteria, overdrafts of small amounts can result in very large fees. Inaddition, fees are charged for accessing overdraft protection funds.
This bank received bailout funds totaling to nearly 4 billion tax payer dollars. Call your congressional representative and ask for immediate action to stop this unfair practice.
Fifth Third is not the only bank that uses the practice.
tommy
OVIEDO, Florida
U.S.A.
This report was posted on Ripoff Report on 07/09/2009 09:16 AM and is a permanent record located here: https://www.ripoffreport.com/reports/fifth-thrid-bank/nationwide/fifth-thrid-bank-overdraft-rip-off-orlando-florida-467819. 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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