Federal Reserve Bank
The Feds Federal Reserve dipped into MY savings account
- 06-20-2010
- 39
I've recently found out that Regulation D limits access to MY money in my savings account. My bank, CHASE, has been taking out 20 a month for I don't know how long, as I've been using my savings for everyday purchases, so I could avoid overdraft usury fees. Not only was I not told of the policy, tellers and CS reps that have seen my savings activity never inquired as to why it was so active. They are telling me The Feds took my money. MY money because I access it. This is STEALING plain and simple. If the bank needs a reserve amount of cash on hand that's their problem. And if I took out 10k in one pop, what's the difference? These scumbags owe me and I suspect several thousand consumers their money back!
Company: Federal Reserve Bank
Country: USA
Address: 950 S Grand Ave # 1st
Phone: 2136832300
Site: federalreserve.gov