Regions Bank closed my account on 7/25 without informing me with any correspondence whatsoever. I had to find out by going online and seeing that the online bill pays that I had scheduled were not scheduled as I had planned. When I called, I learned that they had closed the account. Shortly after, because my employer could not prevent my next scheduled direct deposit on 8/1 from going to Regions Bank, it went there. When I scheduled a bank to bank transfer from Regions Bank to my current bank, I couldn't. Regions is not allowing my funds to come to me, nor mailing it.
Is that not illegal for a bank to do this?
A consumer has a right to their funds especially when the account is at a 0 balance and there are no outstanding loans, credit cards, liens, etc... There is absolutely no reason for this bank to hold my money. I have contacted the governmental agency that governs and regulates their actions and filed a complaint.
As of today, this very moment, Regions Bank has over $1,000 of my money and has yet to release it to me nor communicate to me that they plan on sending it to me.
Again, I ask, isn't it illegal for a bank to hold a consumer's funds?
They're treading on very dangerous waters because I have asked in my complaint that they be investigated... And they will be.
I still don't have my money that was directly deposited into Regions Bank from 8/1 and absolutely no correspondence as to where it is.
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