Regions/Amsouth Complaint - Bank fees - Holding cash deposits to create more fees
FLORIDA -- I have been through an incredible year with my ex's child support, and banking fees. The first part of this year and some of the last, my ex would tell me his deposit went into my bank, and he was simply lying. I would go to get groceries for the kids, and the money wouldn't be there. The fees generated became uncontrollable, and I simply left the bank (BankTrust). I moved to Regions bank, and everything was fine, until they merged with AmSouth, and all the promises made went out the window. I've made cash deposits, and they have held it for 3 days, causing checks to accrue fees. I'm trying to pull myself out of a hole, and the bank is pushing me further into it.
My main grief is that the incredible fees that the banks generate, are paid by those who can least afford it, without regard to any other creditor who needs to get paid. They seem to have free reign on our money, and take it at will. It would seem to me that the other creditors would be enraged at these practices, and join to do something about it.
1. The banks need to lower their fees.
2. The banks do not need to push more people into homeless situations just so they can build more big buildings! We are in a recession, with more and more companies having large layoffs.
3. The banks should send a bill like everyone else and wait to be paid.