Capital One Complaint - Small Business Checking Rip Off
TEXAS -- Started a new business. Opened a business account. Had personal account for several years with local bank now purchased by Capitol One. Upon recieving payment from my first customers, I deposited the checks and was not told they would be putting holds on the deposits. Long story short, accounts snowballed and NFS's charged. I have had the account since January, it's now July. I deposited a 900.00 check from a large company to the account last Monday. They put a hold on it. I need to buy supplies and get work done for two customers I put on hold over the weekend until funds available. Guess what, they aren't giving me the money until 5PM. I just lost two customers AND just got told from the company that gave me the check that the funds cleared out of their account last Friday so Capitol One is holding my money for their use and benefit until they see fit to give it to me, costing me business. Oh and I almost forgot, I deposited another check last week that was drawn on another Capitol One account and they slapped a hold on that one too until I started screaming loud enough for bank officer to come over and remove the hold. They claim its how I manage my account, but they cause the NSFs and continue to hang me up. DO NOT OPEN A BUSINESS ACCOUNT WITH THEM. They will bury you. They also wont cash the checks either, as they are made out to my company and not me personally. They are putting me out of business. Does anyone know how to sue these guys? They arrogantly rip off the little guy. As soon as the see fit to release my funds, I am closing accounts and going elsewhere.
More Reviews on Capital One: