Usacomplaints.com » Business & Finance » Complaint / Review: Mercantile Bank - Bank removed $50 from my savings, moved to checking then deducted $30 from checking for inactive fee. #662821

Complaint / Review
Mercantile Bank
Bank removed $50 from my savings, moved to checking then deducted $30 from checking for "inactive fee"

I popped a merchant account with this specific lender in march. 2008 to buy a Disc and was necessary to start equally a checking and savings account therefore interest gained might be transferred right into a checking account. The CONDITIONS AND TERMS OF ONE'S ACCOUNG" provides Unique Treatment of Checking Accounts. It states"in case your account is just a checking account, it'll turn into a grasp deposit account, that will contain two sub-balances, a deal account that acts like a cost account along with a low-purchase account that's a savings account. I've never created a check but each month attention from my Disc is transferred within the checking account. I simply discovered they've billed me thrity bucks for inactivity of examining and shifted $50 from my savings to displace the $30 towards the checking to keep the mimimum of $200. Because it is actually mentioned the two are registered as sub-accounts personally I think this cash ought to be returned which the unauthorized purchases were illegial. What motion may I try get my money-back?


Offender: Mercantile Bank

Country: USA

Category: Business & Finance

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