- Report: #539411
Complaint Review: Canopy Financial - Chicago Illinois
Reported By:
Hutch -
Jensen Beach, Florida, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Canopy Financial
230 West Monroe Suite 2330 Chicago, 60606 Illinois, United States of America
Phone:
Web:
www.canopyfi.com
Categories:
Business Rating:
(0)
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Canopy Financial Wellfund Freezes HSA Depositors Accounts Chicago, Illinois
My Wellfund HSA account administered by Canopy Financial totals $10,888, now frozen and the Company Filed Chapter 11. No doubt, I've been ripped off Bernie Madoff style. I would think the present administration, so concerned about health care, would correct an action like this as a basic step to secure health care.
In late September, I exchanged email communications with the company concerning the safety of these accounts. The emails (with addresses removed) are included below for the benefit of us all:
Good Morning,
Yes the funds are FDIC insured, they are insured under Amcore Bank. I hope this information is helpful. If you have any additional questions please feel free to contact me. Have a great day.
Thank you
WellFund
HSA Customer Care
From: Me
Sent: Sunday, September 20, 2009 12:10 PM
To: Wellfund HSA Support
Subject: Fund Insurance
Hello, I have had an account with Wellfund since the funds inception. Due to the financial situation with banks, etc., I need to know if the funds held in this account are FDIC insured. If not, please advise which financial institution holds the fund's assests so their finacial health can be verified.
Very satisfied with your account service to date, but must be certain about the safety of this investment.
Thank You
