TD Banknorth Complaint - New fees to savings account
TD Banknorth overcharges their customers with bigs fees. Also, they came out with a new rule for savings account few months ago that they supposedly mailed to their customers. The new savings account rule is that you have to remain your account with $250 and no less than that. If your account goes low than $250 you will be charged $35 fee after 5 days. I believe this is ridiculous. Economy is not that great and not everyone can afford to keep $250 in the savings account. I have been a customer for more than 7 years and never had to deal with these issues.
I closed my savings account right after I found out that my account went into negative balance because of their new rules. They only notified by mail. I never received a message in my account box or by phone call. I believe if they have such dramatic change to the accounts they should notify their customers by phone, mail and message in the account box.
So everyone would be prepared to make a change. I am sure there are many individuals who got screwed by such change.