I am deeply disappointed with my experience at this bank. Unfortunately, I cannot recommend this institution due to serious concerns regarding its customer service and account management practices.
My elderly parents experienced substantial financial harm when their account was deliberately held at a low interest rate of 0.02%, costing them over $14,000 in potential APY interest gains. When I attempted to help them move their funds to a higher-yield account, the manager, Jeff, actively intervened to prevent this transfer. Only after contacting the Rhode Island Department of Elderly Affairs and the Attorney General's office was I able to secure the release of their account.
Regrettably, I am now facing a similar issue with my own account, as the bank is withholding nearly $10,000 of my funds without a valid explanation.
In addition, the North Main Street branch in Providence also displayed unprofessional conduct. When I asked the branch manager, Scarlet Pena Espinal, for her business card to document my complaint, she declined and destroyed the card, stating that she was not comfortable sharing her contact information. Despite receiving written confirmation from Santander Corporate that my account was closed, she also prevented me from finalizing the closure.
This experience reflects a pattern of inadequate customer service, mismanagement, and disregard for basic banking principles. I would strongly advise anyone to consider other banking options read more