SunTrust Banks, Inc. Consumer Loan Complaint

Vehicle loan Managing the loan or lease

SunTrust Banks, Inc. Consumer Loan department,

Vehicle loan Managing the loan or lease Virginia

My car note is due to SunTrust on the - of each month. As a condition of getting a preferred interest rate, SunTrust required the payment for the auto loan be made from a SunTrust checking account. Each month, several days before the -, I submit a request to - - - to send a deposit to the SunTrust Account. I do n't use the Suntrust account for any other purpose. On - -, I entered a " billpay '' for $850.00 into the - - - system, to be sent to Suntrust. According to - - - records, the payment was delivered to SunTrust on - -. Despite that, SunTrust did not credit the checking account with the funds transferred from - - - until the - of -, - day after the payment was due. The automatic debit from the SunTrust account was declined as insufficient ; SunTrust also charged me late fees on the loan. There is also a $10.00 service charge on the checking account every month. The fees totaled $100.00. I paid well in advance of the due date. I have proof that SunTrust received the funds. I would like a refund of the $100.00 and a different payment method from SunTrust. Similar transactions have occurred three times during the life of this loan, which is not quite three years ago. I have also complained to - - -, because I do n't know whether the transfer from - - - actually reached SunTrust by the - as the - - - records indicate. Thanks for anything you can do to prevent this from recurring.

SunTrust Banks, Inc. customer in Virginia
Aug 15, 2016

* Source: CFPB Complaint Database

SunTrust Banks, Inc. response to complaint:
Closed with explanation

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