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Report: #1536967

Complaint Review: Relay Financial Technologies - New York NY

  • Submitted:
  • Updated:
  • Reported By: John P. — CA United States
  • Author Not Confirmed What's this?
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  • Relay Financial Technologies 260 Madison Avenue, 8th Floor New York, NY United States

Relay Financial Technologies froze my account, closed it, and confiscated my social security deposit New York NY

*Author of original report: They did the right thing

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This company is a sham entity, do not do business with them.  I am a small businessman with AFIB and CHF, who opened up a business checking account a few months back, then redirected my social security monthly deposits to the new account in hopes that once I felt a little stronger, I could begin to operate my business again. I just received notice that they are closing my account, and they refuse to allow me to move or transfer the fi]unds in the account to another bank I do business with.  100% of the funds in my relay account are from my social security deposits.   This company has no customer service, no ability to speak to an actual person and will cause me extreme financial duress and stress.  I am very ill with a weak heart.  I will be alerting social security about their attempt to freeze my retirement funds and the fraud they are perpetrating.  I do not owe this company one single cent.  I have never had insufficient funds, or any issues with anybody, except that someone hacked my account on easter sunday and there were a few small purchases that I never made.  This has been reported to VISA fraud division and was under $60.  Nothing again to do with Relay.   This is a heartless and unprofessional company...They have in essence stolen my only source of income, my social security.   in my 40 years as a business owner, I have never been subject to this type of open fraud. 

This report was posted on Ripoff Report on 04/24/2025 05:23 PM and is a permanent record located here: https://www.ripoffreport.com/report/relay-financial-technologies/new-york-ny-mia-no-warning-1536967. 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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REBUTTALS & REPLIES:
1Author
0Consumer
0Employee/Owner

#1 Author of original report

They did the right thing

AUTHOR: John - (United States)

POSTED: Tuesday, April 29, 2025

Company refunded my money.  Account is closed and I am content

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