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

Business & Finance

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?


Company: Mercantile Bank
Country: USA
  <     >  

RELATED COMPLAINTS

US Bank
Ripped off my money

Fifth Third Bank
EXCESSIVE SAVINGS WITHDRAWAL FEE caused Overdraft, Ohio

First Convenience Bank In Round Rock
Ripoff fraudulent charges fraudulent contract fraudulent information thieves

Td Banknorth
A "Simply Free Checking Account" was changed to a cadillac checking account and I was charged $15 a month for a "free" checking account!

Chase Bank (checking/savings)
Fees

TCF Bank Checking and Savings
Keeps Initial Deposit Money then Closes Account

Wells Fargo savings account
Fees for savings account

Fifth Third Bank
Overdraft transfer fee

Your Savings Club
Stole one dollar from my checking account without my permission or banking information

Well Fargo Bank
Consumer Report