Complaint / review / scam report
Inactive account notification an attempt to collect 8 years of account fees on a closed account

Complaint / review text:
E*Trade sent a letter to me stating the funds in my E*TRADE account may qualify as unclaimed property, including listing a balance of several thousand dollars. The account was opened in 1999. The exorbitant account fees E*TRADE charges on inactive accounts had reduced the balance to the point that it didn't qualify for monthly statement service. I haven't received any communications on this account for years and thought I had closed it.

Now I am being told that I actually have a negative balance because of the all the account fees charged against this account. The account has been assigned a new account number and I am supposedly liable for the fees because of a new policy they now have in place. I had not been notified of either of these developments.

Contact information:
Author: Contact with Author

Offender: E*Trade

Country: USA   State: Alberta   City: Arlington
Address: 671 N. Glebe Road, 10th Floor
Phone: 8003872331

Category: Business & Finance


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