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Thursday, January 24, 2013 - 9:16 PM

Stay Away From This Bank

Select Bank & Trust Company (1 stars)
This is a slimy little bank.  They've cheated me out of my monthly interest on 3 separate occasions, claiming the requirements were not met, even though they were.

Now they've lowered their rate.  Not unexpected.  But they also increased their debit card use requirements.  Only problem is they didn't notify anyone.  A lot of their customers are in for a shock at the end of the current cycle when they get no interest payment.  Yes, it's true that these changes can be found deep in their website, if you knew to look for it in the first place.  But a change of terms of this magnitude should have been announced via a mailing.  Pretty poor business practices.

I'll be closing my account at the end of the current cycle.
1
JakeJake7 posts since
Jun 2, 2011
Rep Points: 28
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