Thursday, June 05, 2008

Mr. Ukrop I want my $5.00 back!!

I'm a little peeved at First Market Bank.

I had some money in a checking account with First Market. I mainly just used it to throw extra money in for random / impulse buys. Then I got married and my random/impulse buys decreased and decreased even more over the years. and quite honestly I forgot about it. BUT HEY "MY MONEY IS SAFE IN A BANK"... Wrong...

I just happened to open a statement -- and realized that I have been slapped with a $5.00 fee -- they call a Dormant Fee.

WTF!!!

I'm sure all banks are doing this. What's alarming is

1. The $5.00 dormant fee is a monthly charge until the owner makes a deposit or withdrawal from the bank. -- So you could lose up to $60 a year if you don't open your bank statements.

2. How many people has this affected?? I'm thinking Elderly? Disabled? Trusts?

Mr. Ukrop I may have to eat some fruit off of the salad bar next time before paying.... Ridiculous!!

2 comments:

Anonymous said...

You are going to call and complain about this.... RIGHT? You simply have to.

I've had 2 (or was it 3?) pretty major issues with my *prior* bank before deciding to step away and try someone else (I chose a credit union), but I definitely exercised as much customer service personnel calls as one probably could imagine. It took awhile but I got my issues resolved; although after serious issue 2 (or 3... I really don't remember now) I told them that I'd pretty much have to be a stickler for punishment to choose to stay with them.

I recall my grandparents getting hit with some sort of fee like that with a trust fund they used to oversee, but they never complained or anything. I commented that they should, but they didn't think so...

Anonymous said...

Better yet, have $1 deposited automatically from another account each month.