Cathay Bank Complaints

Cathay Bank consumers have reported over 6 official complaints. Out of the 6 consumer complaints against Cathay Bank, 0% were disputed by the consumer (i.e. the consumer was not happy with how Cathay Bank responded to their complaint) and 100% were processed in a timely manner. 67% of consumer complaints against Cathay Bank resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.

Account opening, closing, or management
Loan modification,collection,foreclosure

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New Cathay Bank Consumer Complaints

Cathay Bank Bank account or service account opening, closing, or management

April 1, 2017 - I opened a Cathay Bank employee account when I joined the bank in -, but did n't close out the account when I left the bank in -. I have recurring loan payments drawn from this account every month. Recently I found that the there was a charge of monthly management fee of $15.00, an ACH debit was returned and an NSF fee of $25.00 was charged also. All of these showed up in my account without any notification from the bank up to this point by mail or email, and the bank policy explicitly states that employee account would n't yield any maintenance fee. I did n't receive follow-up instr...

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Cathay Bank Bank account or service account opening, closing, or management

January 2, 2016 - I have had a basic, no monthly fee bank account with - Bank until around middle of 2015 when - Bank was acquired by Cathay Bank and all the - Bank accounts were transferred under Cathay Bank. My account was also transferred under Cathay Bank but instead of the same basic no monthly fee account I used to have it was the type with $ 15 monthly fee. When I opened my bank statement from Cathay Bank and saw the $ 15 monthly fee, I decided to go the bank branch and inquire about the fee. The manager said the bank has sent all customers about the account type change and refused to refund the...

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Cathay Bank Bank account or service account opening, closing, or management

July 27, 2015 - I opened a student checking account at Cathay Bank. They switched my account to a Personal Checking account with a daily minimum balance of $1000.00 WITHOUT informing me in writing. The only indication that my bank account type has changed is the $10.00 maintenance fee on my - monthly statement. While their current website says the student checking account is only valid for - years, it does not say, and I was never informed, that my student checking account would be AUTOMATICALLY AND WITHOUT NOTICE changed into a Personal Checking account with a - monthly maintenance fee. Had they...

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