Banco Popular North America Bank Account Or Service Complaint

(CD) Certificate of deposit Account opening, closing, or management

Banco Popular North America Bank account or service department,

(CD) Certificate of deposit Account opening, closing, or management New York

This is my third complaint since I opened an account with ELoan ( three months ago ). The issue is with the interest that is compounded incorrectly each month and then transferred into my outside account. The interest for -/-/- and -/-/- was corrected in -/-/- and documented in a letter to me from - - ( Customer Care Popular Community Bank ( no phone number or address on the letter ). The current issue is the -/-/- interest which is short. I ca n't imagine any reason why a bank ca n't calculate the correct interest on an account unless they have their computers set to defraud their customers hoping they wo n't become aware of the discrepencies. - - informed me in his letter that I could not close the account ( the best resolution to the matter ) unless I accept the applicable penalties.

Banco Popular North America customer in New York
Oct 12, 2016

* Source: CFPB Complaint Database

Banco Popular North America response to complaint:
Closed with monetary relief

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