Back to Bank and Credit Union Reviews
Reply
Wednesday, March 23, 2011 - 2:17 PM

Dishonest!!! Non Compliant!

Regions Bank (1 stars)
My family has taken out two Mortgages through Regions Bank. I Had also been a loyal customer of Regions Bank Customer for over 12 years.  About 6 months ago, my state Identity and Regions Bank card was stolen and all my funds were drained from my account.  Regions Bank assured me the problem would be taken care of and I would not be held responsible for any of the debited funds.  The person who stole my identity also used fraudulent checks (not my checks) to withdraw money from my current balance.  (Eg. He used stolen checks and cashed the stolen checks at a Regions Bank.  The transaction was taken by a Regions Bank Employee who then cashed the fraudulent checks on my account.  When the checks were returned, Regions bank charged my account for the Fraudulent Checks and the funds were debited out of my account for the amount of the Fraudulent Checks. )

I waited for over 5 months for some action to be taken.  I took all necessary steps in which Financial Advisors Sean, Mia, and Michelle Bergeron asked of me at Regions Bank Cheshire Bridge.  I was told I would be contacted by their Corporate Security Officer Frank and he would be the one to tell me when the funds would be released.  It is now 6 months later and I have not received $1 of the large sum of money that I was told I would not be held responsible for.  The last conversation I had with Michelle Bergeron is that Regions were exiting their relationship with me after 12 years and goodbye. I will be contacting the FDIC and also the BBB.  I plan on posting this review on every possible review web site.  DO NOT BE TAKEN ADVANTAGE OF LIKE I WAS.  Regions does not stand behind their protocol or any of it's policies with the FDIC. Everything in this statement is true and I will stand behind everything stated.  This has destroyed my credit and also my trust in any banking system.  

Thanks,

Justin Walley
5
jcwalley1983jcwalley19831 posts since
Mar 23, 2011
Rep Points: 5
1. Wednesday, March 23, 2011 - 11:01 PM
If what you say is so, and you notified the bank immediately -- that is, before any of your money disappeared -- don't just file with the FDIC. Get a lawyer to take the case on contingency and seek big punitive damages. 

Also, I do encourage you to file with the appropriate banking regulator, but I can tell you now, they aren't going to do anything other than send your bank your complaint, and your bank will respond with baloney, and the federal agency will drop the case on the bank's say so without even considering that it is a pile of lies. It is kind of scandalous how they do nothing, but that is how it is. And the banks know it. (This is the voice of experience speaking.) You are on your own, except for your lawyer. Punitive damages can come to a very large sum.

To find the proper banking agency to file with, go to this URL at this Website.

http://www.depositaccounts.com/bl...-union.htm

Meanwhile, I just sent a scathing e-mail to Regions pointing out how I now know what slimes they are and will never do business with them, and I gave them the URL of your thread. I suggest that any reader who agrees Regions is handling this very wrong also send an e-mail, including the URL for this thread. Let the banks know this is not the old days, the bad word about them can get out fast and wide.
3
me1004me1004235 posts since
Jan 16, 2010
Rep Points: 1,430
2. Thursday, March 24, 2011 - 6:40 AM
Send polite letters to Bank Executive Office/President first.  Then resort to legal/internet means.  Also open your case to media for broadcast as well as for rapid resolutions.

Good luck.
5
51hh51hh623 posts since
Jan 16, 2010
Rep Points: 3,066
3. Thursday, March 24, 2011 - 11:12 PM
If the poster is telling the truth, then this is *ucked up. I suppose we should all be worried if a bank will not restore you bank account balance, if you were the victim of fraud. If I hear any more stories like this, I will need to store my money under the mattress with an armed guard.
1
loulou196 posts since
Aug 3, 2010
Rep Points: 1,171
Reply