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Wednesday, February 13, 2013 - 10:15 PM

They Will Hold Your Money Hostage!!!

Salem Five Direct (1 stars)
I just opened a Salem Five Savings account and am very disappointed by all the hidden terms.  Your money will go into the account very easily, but beware, they will make it very hard to get it back.  After I opened the account I called to verify some of the things I read (a little too late.)  The rep told me that if I did not want to keep the account, I could just have an external bank account transfer the money out (without any fees).  Well, I tried that, and they replied to my external bank that my funds were frozen.  Yet, if I login to my account, it says they are available for withdrawal.

It's just another example of the ugly side of banking.  Steer clear!
6
BillZBillZ1 posts since
Feb 13, 2013
Rep Points: 6
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