GE Money Bank
Late Fees Charged Despite Early Online Payments

I have submitted two payments online through my checking account. Each one 4 or 5 days in advance of the due date. I was charged late fees on two payments, saying they were not received on time. When I made a phone call concerning this I was told it was because they could not receive electronic payments from my bank. I was told that my bank was mailing them. How could a bank as large as GE not accept electronic payments? Is this so that people are forced into using phone payments at the last minute? At a cost of 10-15 dollars. Late fees of 39 dollars, are certainly more profitable than interest. I hope that they fail and are out business soon because of the stealing.

Company: GE Money Bank
Country: USA
State: Ohio
City: Columbus

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