Complaint Review: Standard Federal Bank

I sent a $5000 check to a mutual fund. It was interpreted as 500. I pointed it out to the bank. They "corrected the encoding error" by taking out the money. Took two months to send it-thru their mortgage division- to Comerica bank. When I pointed this out to them they either refer me to the mutual fund or say "comerica cashed the check take it up with them."

Comerica has NO connection with Standard Federal, T Rowe Price, or ME. Numerous letters e mails telephone calls and I cant get no satisfaction. They had no business misplacing my money merely write back "Comerica cashed the check." they even added insult to injury by trying to take out ANOTHER 4500 and charging me overdraw. They corrected that mistake but not the original mistake. It's just outrageous.

Elliott
Southfield, Michigan
U.S.A.