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This review is from Free Checking from Sovereign Bank

llb772
Newcomer
llb772 said
about a year ago
1.0

sovereign bank is shady, corrupt, and has very deceitful business practices.
They have hidden fees, and will not help their valued customers.
They withhold anything over 750.00 of your check for about 4 business days after depositing it.
If u have direct debit on your bills, be careful, because if it goes over that 750.00 you will get charged 33.oo a pop for any and all transactions that have gone through, which in turn will overdfaft your account and then they will charge you 33.00 for each trsnsaction that comes through after that. Since the ball was already rolling, there is no way to stop it. The bank will not help you reclaim those funds, and you will owe the bank alot of money.
I used 4.90 of that money they put on hold in my account, and by the next two days, it cost me 429.00! I will never see that money again. I am leaving this bank within the next two weeks, and want to spread the word to anyone contemplating joining this bank!

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