Webster Bank Bank Account Or Service Complaint

Other bank product/service Deposits and withdrawals

Webster Bank Bank account or service department,

Other bank product/service Deposits and withdrawals Pennsylvania

My HSA account was transferred from - when HSA Bank acquired those assets. The investment portion of the account was moved into a mutual fund company ( - ) [ no input from me ]. Once I became aware of this I explained I do not want any money to be there, ever. HSA bank moved the money to the cash portion. Ok so far. Then the funds were moved back against my instructions to the investment account. Once I became aware of this, the value of the holdings had declined due to market changes. I brought this to the attending of ( many ) people at HSA bank, and for more than 2 months they have been " researching it '' to no avail ( for me ). There is n't a huge amount of money in dispute here, but I am most concerned about a bank ( any bank ) not obeying their customers ' instructions. As I believe this is a custodian type of account, I am concerned about a potential breach of the custodial arrangement. In addition, the customer service of HSA bank has simply been horrible. The agents on the phone are quite nice, but seemingly incapable of enacting any necessary steps to fix problems.

Webster Bank customer in Pennsylvania
Feb 05, 2016

* Source: CFPB Complaint Database

Webster Bank response to complaint:
Closed with monetary relief

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