Fifth Third Bank has been stealing money from us since we opened a checking account with them in November. My husband and I refinanced through Fifth Third because at the time we thought they were giving us a good deal. (Low closing costs, no application fee, no appraisal fee, etc). However, the re-financing process was a painful, frustrating experience and that should have given us an indication of what was yet to come. We have to open a checking account with them in order to refinance. I didn't think there would be any problems and their branches are more conveniently located to our house and my place of employment that our current bank was. My husband and I starting depositing our money in the Fifth Third account, either via cash or Business check. We were never told that even though we physically go to the bank and deposit "CASH", it is not available for withdrawal until at least one business day after the deposit. Also, any business checks (even if its drawn on another bank) takes at least 3 days to clear. So any transactions I may have done between the deposit date and the 1 or 3 day waiting period caused my account to be overdrawn. They charge $33.00 for each overdrawn day until enough money is deposited into the account. Because we were in between switching bank accounts, we were never able to get caught up because Fifth Third kept taking the $33.00 out first; then adding our deposits so were constantly showing overdrawn. They have gotten almost $400.00 of our hard earned money. I have never had a problem like this with our other bank (s). After our initial one year agreement with them is over, I am moving my money elsewhere. Don't do any business with them.
0 comments