• Report: #643943
Complaint Review:

the Provident Bank NJ

  • Submitted: Fri, September 24, 2010
  • Updated: Fri, September 24, 2010

  • Reported By: vlm — montclair New Jersey United States of America
the Provident Bank NJ
11 Broad St Internet United States of America

the Provident Bank NJ They will make you lose your money, Internet

*Consumer Comment: Are you officially allowed?

*Consumer Comment: I can see their side..

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Stay away of The Provident Bank. Incompetent, rude, unprofessional and ignorant people.

They will make you lose your money.

My cousin and I had separate checking accounts with this bank and I was managing / using both accounts since my cousin was in China and we maintain the same residence in NJ so I paid bills from my a his accounts.

 The Provident froze our both accounts because they have incorrect information on my account and assumed that I was using my cousins account illegally without him knowing it which I was not. They canceled all our pending transactions including a money transfer to my father in Russia for his heart medications which endangered his life.

When I called them and talked to them in person first they told me to bring my ID (which I did 3 times) to confirm my identity. I also brought a copy of my cousin's passport. They took everything and did not release the accounts saying that till my cousin and I came to the local branch and brought our ID's the accounts would remain frozen.

They refused to call my cousin in China or accept his calls to discuss the situation and confirm his identity without any explanation.

In short it is a nightmare, we cant use our accounts to buy food or pay our bills and mortgage, all our money is frozen.

The Bank Rep from Compliance Department (Mina) rudely told me I dont care if you have no money to buy food and pay bills and I dont want any calls from your cousin or him calling me. You both need to come over your local branch and bring your IDs

I explained to her that I had been at the local branch 3 times already and they have a copy of my DL and my cousin was not coming back to the US till after the New Years but I brought a copy of his US passport and the Bank has it on file. She would just keep saying the same thing I dont care if you have no money and I dont want any calls from your cousin or him calling me. You both need to come over your local branch and bring your IDs.

I filed complaints with State and Federal Authorities but in the meanwhile we are hanging there without our honestly earned money because the Bank without any proof consider us frauds

This report was posted on Ripoff Report on 09/24/2010 06:36 AM and is a permanent record located here: http://www.ripoffreport.com/reports/the-provident-bank-nj/internet/the-provident-bank-nj-they-will-make-you-lose-your-money-internet-643943. 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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#1 Consumer Comment

Are you officially allowed?

AUTHOR: Flynrider - (USA)

"I was managing / using both accounts since my cousin was in China "

   One thing you didn't mention.   Are you an official signatory on your cousin's bank account?   If not, there's your problem.   Only the persons listed as signatories on an account can use it.  No doubt the bank's computers figured out that something was up when they started seeing transactions originating in both the U.S. and China. 

   Here's why a phone call won't work.   Right now they're looking at you as someone who may have fraudulently used your cousin's account.   A mystery phone call from China is exactly what a fraudster would suggest.  

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#2 Consumer Comment

I can see their side..

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

From what you described, I can definatly see why the bank is suspicious.  As there are a lot of things that are going on that would raise some "red flags".

You have two accounts to the same address.  You had an account and were apparently using his account to pay at least some of the bills.  Depending on the activity this may have triggered some additional checks. 

Then you had a money transfer to Russia.  To many banks this would be a big "red flag", as Russia is well known for various scams involving banks and money transfers.  I was to think about it based on what you have written here this is what may have put you "over the top" in having them freeze the accounts.

So they required both of you to prove you were actually who you said you were.  You brought in your ID.   Yes, they should probably have at least released your funds if the account was in your name only at that point.  However, if they do suspect fraud they may have a right to continue to hold any money in the account.  

As to your cousin, really what does bringing in a copy of his Passport do?  All that proves is that you have a copy of someone's ID, it doesn't prove that that person agreed to open the account or that you are allowed to use it.  The same goes for the call, how can you really prove that the person on the ID is the same on the phone?  Oh and like your Russian Money transfer, calling to China would also bring up some more "red flags".

What is someone opened an account in your name, had a copy of your ID and tried to pass that off at the bank.  You would probably be the first one screaming that they should have made sure that it was actually you.

At this point it seems as if they have marked your accounts as fradulent and short of having your cousin show up in person, they are not going to release the funds.  You may want to contact the Office of the Comptroller of Currency at occ.gov.  It is doubtfull that they will be able to do anything about your Cousin's account but at least they may be helpful in getting your funds released. 

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