Checking or savings account -- Closing an account -- Complaint #5410522
Complaint Overview
Complaint ID: 5410522
Company: E*Trade Bank
Product: Checking or savings account
Sub-Product: CD (Certificate of Deposit)
Issue: Closing an account
Sub-Issue: Can't close your account
State: Illinois
ZIP Code: 60045
Date Received: 2022-04-05T12:00:00-05:00
Date Sent to Company: 2022-04-19T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Tags: Older American, Servicemember
Consumer Narrative
ETRADE BANK I have had a 5 year CD ( earning less than {$2.00} a year ) that I have been trying to close for 15 years. Each time they never respond until the 7 day grace period is over and then insist on such a hefty fee, I have just left it. This year I was determined to close it on it's maturity date of XX/XX/2022. I spoke in XXXX to a helpful customer service person who instructed me on the form I was supposed to complete and upload. I did that on XX/XX/XXXX. The file said 'in progress ' for weeks and finally a few days before maturity, I waited 47 minutes online in the middle of the night to get through to customer service. I talked to a helpful woman named XXXX XXXX who informed me they were waiting for me to upload my ID. No one had told me this, though it had been sitting 'in progress ' for a month. I uploaded my ID. Three days after maturity, still nothing. I waited now 88 minutes on hold and talked to another helpful customer service person named XXXX XXXX supposedly brought it to one of his superiors who said it would be paid out within 5 business days after maturity. It has now been nine days since maturity and there is no movement whatsoever on the account. Please check the complaints on their XXXX book for similar issues.
Frequently Asked Questions
What is Complaint #5410522 about?
Complaint #5410522 was filed against E*Trade Bank regarding Checking or savings account specifically about Closing an account. It was received by the CFPB on 2022-04-05T12:00:00-05:00.
How did E*Trade Bank respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Checking or savings account) and describe your issue in detail.
Can I see other complaints against E*Trade Bank?
Yes, visit the E*Trade Bank company profile at readthecomplaint.com/company/e-trade-bank to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.