I deposited a large check for more than $10,000 in the bank on Friday, 12/29/17. I asked when the funds were available to transfer and the teller stated Monday or Tuesday. The funds were available yesterday.
Today, Tuesday, 1/2/18, I tried to move the funds to another non-fifth third account. The bank doesn't allow you to transfer more than $2,000 per day and $5,000 per month. Fifth Third Bank charges a $3.00 fee for each transfer.
I called the branch to see if there was any other option. The teller, Cindy, said that transfer limits were set by the Federal Reserve Bank which isn't true. The teller Cindy said there was no other option. I then asked to get a check and close my account and she said I had to wait 5-7 days for the funds to be released by the other party. I asked why since the funds are available she said that was the rule. I then called the Banking Center Manager Raymond at the Burlington Pike location. He said I can pick the check up at any time since the funds are available.
I should have gone to Chase bank where the staff are informed and actually provide the appropriate information.
I am closing my account with Fifth Third Bank and have no desire to be a customer where I am treated so poorly. It is not the first time this location have misinformed but it is now the last time. read more