SunTrust Bank
Check Charges of $32 Per Transaction on Uncleared Deposits
- 01-11-2005
- 16
My husband has a business account for his commercial pool service at SunTrust Bank in Winter Haven, Florida. When a hotel, condo or homeowner's association pays him for services, he deposits the check immediately. The money shows up as available in his account within a day or so. However, SunTrust charges him $32.00 for every single transaction drawn on that money until they have collected the funds from the other bank!
He has literally paid thousands in check charges in a week due to this practice! How can this even be legal? I can understand them charging him if one of the checks bounces, but not on checks that he has deposited, just because the check has not cleared the other bank yet! This is ridiculous and should be illegal. We are in the process of making arrangements to open an account with another bank, but I want everyone to know about SunTrust Bank's evil practices.
Company: SunTrust Bank
Country: USA
State: Florida
City: Winter Haven
Address: 595 Cypress Gardens Blvd