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Monday, February 11, 2013 - 2:34 PM

Avoid. Bank Pockets Accrued Interest Through Disclosure Loophole!

UFB Direct (1 stars)
Had online MM account for about a year then moved funds to another bank via ACH transfer on the last day of the month. Bank refused to deposit ~$50 in interest accrued for the month because of the obscure provision in their disclosure agreement that I have to notify the bank that I'm about to remove all the funds from it.

Customer service calls didn't help. I contacted SEC, FDIC and BBB to complain.

Looks to me they just want to find a way to pocket customer's funds. Stay away!
4
ddimaddima1 posts since
Feb 11, 2013
Rep Points: 4
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