Opened a PayPal Buyer's credit Account which until recently was handled by PayPal directly and then purchased by GEMoney Bank. Payments were always due the end of the months so I set up automatic payments thru online banking. Very much to my surprise, I got hit with a hefty late fee = $39 since all over sudden the payment was due on the 25th of the months. Called but was told 'too bad, that's the way it is'!
Used my Brandsource credit card to purchase new washer with free financing for 1 year. Payment due on the 1rst of the month but was changed to 25th. Again hefty late fee and now a finance charge of $1.50 every months although I paid the late fee off plus my regular payment. GE Money Bank will not remove the finandce fee and can not explain WHY it is added each month.
Lowe's Visa Credit also ended up with GE Money Bank. Credit Limit 5000, no balance, as a matter of fact, balance was always paid off with 2-3 months. New credit limit $240 with NO expalanation.
Bottom line - stay away from GE Money Bank!!!
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