Complaint Review: Regions Bank
- Regions Bank
Clinton Hwy. Knoxville, TN
United States of America
- Category: Banks
I was cashing a Regions Bank check written to me by a Regions Bank customer.
Check amount = $170.00 Told me $10.00 will be deducted from the check amount due to Federal Reserve fees incurred by Regions bank. Regions Bank claims the federal reserve Charges $10.00 per check cashed over $150.00 for non Regions Bank customers.
I tore up the check, went back to the person who wrote the check, and requested a new check for $180.00. $10.00 more than the original check to cover the federal reserve fees. She (Regions Customer) was not a happy.
Next week she's withdrawing over $200,00.00 from various Regions Bank accounts and moving a 40k loan from Regions to 1st Tennessee.
The $10.00 is not the issue, it's the corrupt values of a corrupt bank fleecing those who can least afford to pay unfair and ridiculous fees.
Per check Federal Reserve Fee $10.00? I don't think so. Anyone know?
This report was posted on Ripoff Report on 05/07/2011 08:44 AM and is a permanent record located here: http://www.ripoffreport.com/reports/regions-bank/knoxville-tennessee-37918/regions-bank-1000-fee-to-cash-15000-region-bank-claims-federal-reserve-charges-10-726767. 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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