ST LOUIS -- I have a home loan with sovereign and they SUCK !
2 Replies - Latest reply on 08/12/2006Add reply
when they first got the loan from another bank i called and asked them if i could change my due date to the 15th of each month. they said no probelm and that they would change it. next thing i know i was charged a late fee and started getting phone calls from them. they said they had no record of the due date being changed ! next the loan i have is a adjustable arm. the payment went up 400.00 a month and the way i found was the called and told me i did not send them enough money ! also if your payment is due on the 1st and it gets to them on the 2nd , they have already reported to the credit people that you are late ! these are some real jerks at sovereign bank
LANCASTER, PENNSYLVANIA -- I have several accounts with Sovereign. Other family members also deal with this bank. Recently they started to send me letters in the mail threatening to close my accounts with them. They say that I can't make more than six (6) electronic withdraws or transfers within a billing cycle. I was told that it is a GOVT REGULATION. I have had my accounts with this bank for over 5 years, and always made more than 6 withdraws in any given month. I have talked to other people banking with other financial institutions and they say they have never heard of anything so stupid. My question is does Sovereign operate under their own rules. What does it matter. If I have the money in Savings and want to make 1 or 100 withdraws a month.
2 Replies - Latest reply on 09/10/2008Add reply
I would like this resolved so that I can go back to the way it was before they started this procedure.