Valley National Bank Bank Account Or Service Complaint

Other bank product/service Making/receiving payments, sending money

Valley National Bank Bank account or service department,

Other bank product/service Making/receiving payments, sending money New Jersey

I have set up a pay my bill with - - to pay my mortgage at Valley National. Valley National complains that they are getting the payments late because they are mailed to them by - -. When I asked if they can get the payments wired to receive quicker they say that the option is not possible through Valley National. I 'd like to understand why with the technology available these days why this is not possible. The only reason I see is that Valley can charge late fees by saying they have not received the payment.

Valley National Bank customer in New Jersey
Nov 17, 2015

* Source: CFPB Complaint Database

Valley National Bank response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Valley National BankComplaint HistoryComplaints4/20128/201210/201211/201212/20123/201311/201500.250.50.7511.25Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Valley National BankMaking/receiving payments, sending money57.1%28.6%14.3%Closed with explanationClosed with monetary reliefClosed with reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageMaking/receiving payments, sending money0.1%5.3%3.8%1.9%2.6%18.3%67.1%1.0%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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