Complaint Review: First Midwest Bank - Crystal Lake Illinois
- First Midwest Bank 170 N. Route 31 Crystal Lake, Illinois U.S.A.
- Phone: 815-356-2110
- Web:
- Category: Banks
First Midwest Bank Allowed Minor to Withdrawl Funds from UTMA Account Ripoff Crystal Lake Illinois
An employee at the First Midwest Bank in Crystal Lake, Illinois, allowed my minor son to withdrawl apprx. $400 from his UTMA (an account requiring the named parent's signature for withdrawls until age 21). The branch manager apologized.
Our kids are allowed to keep a certain percentage of their paychecks and required by us, his parents, to save the remainder for college expenses.
The accounts are set up that way to keep our sons from making irresponsible financial decisions. He, of course received less of his future paychecks to make up for the withdrawl. He thanked us not too long ago for "MAKING" him save his money.
S
Crystal Lake, Illinois
U.S.A.
This report was posted on Ripoff Report on 01/27/2007 02:27 PM and is a permanent record located here: https://www.ripoffreport.com/reports/first-midwest-bank/crystal-lake-illinois-60014/first-midwest-bank-allowed-minor-to-withdrawl-funds-from-utma-account-ripoff-crystal-lake-233037. 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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