Sovereign Bank Complaint - Sovereign Bank Checking Account
READING, PENNSYLVANIA -- I opened a personal checking account at my local Sovereign Bank sometime around September of 2004. The reason for opening this account was because I was considering selling a few things on e-Bay and wanted to set up a PayPal account and use the Sovereign account to accept the money. I have not pursued selling on e-Bay at this point in time.
In June I returned home after a long trip to discover that $12 a month was being taken from my account for - INACTIVITY! I went to the bank the next day - June 27, 2006 and spoke to a woman behind a desk (not a teller) - I asked her if she could help me with this problem. She said there was nothing could be done - the bank took the money for inactivity. I told her I was not aware of this process when dealing with a personal account - she resonded that that is the way it is - nothing to be done. Feeling somewhat hopeless and depressed - I said - I guess all I can do is close the account and she got up with my papers and came back with an envelope containing about 1/3 of my original amount in the account. Account closed! Thanks for nothing! I never signed any papers or made a FORMAL request to close this account!!!!!
My friend made an excellent comment to me - "No activity - what about the activity of everytime they took $12 from you!!!!! Wish I had thought of that one!
My daughter called someone who said they COULD HAVE gotten some of the money back for me but the account was closed. This is so frustrating to me - I guess it is like the old joke about arguing with City Hall. If anyone knows of anything I can do - please help me - what is $12 a month to a bank (nothing)- but it means alot to me.
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