Santander Bank US Bank Account Or Service Complaint

Checking account Account opening, closing, or management

Santander Bank US Bank account or service department,

Checking account Account opening, closing, or management New Jersey

I opened an Extra20 account with Santander -/-/-, soon after they started promoting it -/-/-. I diligently met the requirements for approximately two years, earning $ - monthly bonuses. However, the account type was discontinued and they switched me to another account type without ongoing bonuses. Original marketing materials contained the bonus amounts going up to five years. I believe the bank never intended to continue this type of account. They used it to attract new customers, giving a false sense of security with marketing materials showing five years of bonuses. They probably never intended to continue the account type, and hoped that customers would stay with them due to inertia. I consider this to be unethical and potentially abusive.

Santander Bank US customer in New Jersey
Aug 04, 2016

* Source: CFPB Complaint Database

Santander Bank US response to complaint:
Closed

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