IBC Bank Watch your money, because it WILL disappear if you don't watch it!! Ripoff San Antonio Texas
I advise NOT to bank with IBC Bank(International Bank of Commerce). Where do I start.. For one, there deposit times vary upon what day you deposit. In other words, if you deposit Saturday, it won't go in until Monday at midnight. The same for anything after 3 pm, it won't be in until the next day, and not deposited right then and there. This adds up to plenty of $25 NSF fees, if you're banking on deposits going in right away. They seem to change policies by day regarding deposits. If you plan on opening multiple accounts, beware of weird activity on your debit cards, because my new account card started taking money out of my old account, whereas we had very little money in that account, and accrued $75.00 in NSF charges. And still, they haven't refunded my money as they think I was still using my old card. DUH-Let's see, no money in old account, so let's run up some NSF fees for no apparent reason???? Idiotic.
Just beware, everyone. They need to change alot of things before they become a bank with the big dogs. As of now, I'm closing my accounts and moving on. I have no time or money to waste with these crooks.
Gary
San Antonio, Texas
U.S.A.
1 Updates & Rebuttals
Jim
Anaheim,California,
U.S.A.
Not Sure What The Bank Did Wrong Here
#2Consumer Comment
Wed, August 22, 2007
Gary - it seems like a lot of this is of your own doing.
First, every bank (and I mean every bank) will not post Saturday deposits until the following business day. This is part of normal banking practice and included in your account's T&C's. Even big banks do this - you will experience this wherever you end up. Even if you deposit cash - it won't post until that Monday evening. In addition, any deposit received after a certain time (a lot of banks use 2PM as their standard) won't be reflected as a deposit until at a minimum the next day, even if the deposit is in cash. If it is an odd check or out of state, or a large check, expect a hold for up to five (5) days. Again, this is a standard T&C with every bank out there and part of banking regulations.
Next, banks can process checks before the deposits. Almost every bank does. It is listed (again) in the T&C's of your account. If you try to play the game of timing deposits before checks clear - you will lose that game. That's why you have the NSF problem.
Finally, there isn't enough information on the multiple accounts cited. I did have at one point have multiple accounts, until I started seeing how they were hitting my accounts. It wasn't enough to incur an NSF, but it was a sign that I needed to shut down one of the accounts sooner than I expected. If you had a debit card and the bank had a choice which account to debit, guess which account they'll hit? Again - you had the multiple accounts and gave them the opportunity to do this to you.
I have no dog in this fight. I only caution you in the future to really read the T&C's of your account; it will open your eyes and hopefully the game of timing your checks will end soon......