Santander Bank US Bank Account Or Service Complaint

Checking account Using a debit or ATM card

Santander Bank US Bank account or service department,

Checking account Using a debit or ATM card Pennsylvania

I previously submitted a complaint ( case # - ) regarding my fraudulently over-drawn checking account at Santander Bank, NA. The bank has resolved the fraud issue and reversed the charges and fees. However, during the process I noticed what might be a Regulation E issue. I submitted my fraud claim to Santander on -/-/2016. The bank reversed the charges and credited me for the charges and fees on -/-/2016. In the meantime, I received - ( - ) automated phone calls from Santander informing me that my account was overdrawn and that I needed to immediately deposit money to avoid additional overdraft fees. People unfamiliar with their rights under Regulation E may be misled by these messages into believing that they are responsible for over draft fees caused by fraudulent charges. They may then deposit money to offset the negative account balance caused by fraudulent charges just to avoid fees, potentially losing access to even more money then they lost due to the initial fraud for 10 business days for no reason. I contacted Santander about the issue but was told that the phone calls were auto-generated and could not be stopped. For lower-income people and families, this may represent a second type of victimization, where they end up temporarily losing access to even more needed funds than were lost in the initial fraud. Santander should be able to turn off their threatening robocall system in cases where a Reg E claim has been filed.

Santander Bank US customer in Pennsylvania
Sep 29, 2016

* Source: CFPB Complaint Database

Santander Bank US response to complaint:
Closed with explanation

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