BBVA Compass Bank Complaint - Beware of Compass Bank
I deposited a small check to my practically empty checking account and tried to withdraw the bulk of the deposit right after. Under Regulation E, I should be able to do that, but I couldn't. I tried to get $40, and I could get that, but my receipt said my account was overdrawn, so I called the bank. I asked about Reg E and they did't now what it was! I asked for a supervisor and they said the law was Reg C, not E. I looked up Reg C and it is about mortgages!
This bank is not following our laws-I found out they are a foreign bank. I filed a complaint with the Federal Reserve an I will be looking for a new bank-one that follows the laws.