Regions Bank Ilegal practices Birmingham, Alabama

Regions Bank closed my account on 7/25/2011 without informing me with any correspondence whatsoever. I had to find out by going online and seeing that the online bill pays that I had scheduled were not scheduled as I had planned. When I called, I learned that they had closed the account. Shortly after, because my employer could not prevent my next scheduled direct deposit on 8/1/2011 from going to Regions Bank, it went there. When I scheduled a bank to bank transfer from Regions Bank to my current bank, I couldn't. Regions is not allowing my funds to come to me, nor mailing it.

Is that not illegal for a bank to do this?

A consumer has a right to their funds especially when the account is at a 0 balance and there are no outstanding loans, credit cards, liens, etc...there is absolutely no reason for this bank to hold my money. I have contacted the governmental agency that governs and regulates their actions and filed a complaint.

As of today, this very moment, Regions Bank has over $1,000 of my money and has yet to release it to me nor communicate to me that they plan on sending it to me.

Again, I ask, isn't it illegal for a bank to hold a consumer's funds?

They're treading on very dangerous waters because I have asked in my complaint that they be investigated....and they will be.

I still don't have my money that was directly deposited into Regions Bank from 8/1/2011 and absolutely no correspondence as to where it is.