Sovereign Bank, NJ Ginny Lennon, Wendy Stockton, and John Steir Sweep Account Misrepresentation, Overdraft with More than sufficient Funds Asbury Park , New Jersey

It has now been a wealth of knowledge finding this site. I am a little taken back with the ridiculous drama at this bank, and the way I have to inconvenience myself and move but, there has been so many issues with the bank I am sick.

One of the main reasons I found this is because of the insane surreal experience that unfolded at the bank and I was treated like an idiot and they protected the insane employees. 

However, I have been ripped off many times with this institution. Their employees are not even educated enough to provide you with knowledge about their services and you will pay like I did.

I had mismanaged an account so, I asked what could be done to avoid this.  I had a Money Market and two joint checking accounts. They said they can link them A SWEEP ACCOUNT.  Well, it turns out - this is a wacky sweep! They set it up so it was only able to take funds from acct. A to balance B & C.  But, it will not work from B to balance C & A.  This is a scam and it was not represented that way.  My 2000.00 rent where my business and home are based was returned, with sufficient funds.  It was an embarrassment!

This is a main reason why I sought the other branch to help. However, I sat down and complained from the 1st complaint to the last. Starting with the phone call where the other branch called stating my husband is a cheater and he has a woman posing as an impostor. He never even entertained that complaint.  It is obvious that I have been dealing with scammers who have to make some sort of quota for corporate.  I am even more convinced that this institution is on the same level as McDonalds when it comes to making a hiring decision.  I am more than 100 percent there is also an issue with poor drug screening once the employee is hired.

I am sick with regret for ever dealing with this archaic institution. If you stop by a branch , take a peek at the out-dated computers they use! It makes me very weary when I deal with my own business and I keep my technology as updated as possible.  This bank is in the 70s maybe 80's era when it comes to technology.  Not a good choice when my small business is exceeding the banks technology.

I am a young business and I need the same cutting edge banking for my money management to succeed.  If there is any sort of class action against this institution, my accounts are proof! I had 10's of thousands in my savings and not one person attempted to steer me right, it seemed the more I had the more they sucked me dry.  Please look out for this bank!!!