Brad is a customer of Fifth Third Bank. He’s annoyed at the bank’s marketing practices. He tells Consumerist that when he transferred a large amount of money from his account with a credit union, Fifth Third decided that he clearly had too much money, and they wanted to help him open a savings account to remedy that situation. Well, that’s not what they said, but close enough.
I would like to know if this is a common practice as this is quite annoying that Fifth Third is doing this. I am in the midst of a kitchen remodel and transferd a large sum of money from my credit union savings account to my Fifth/Third checking account to pay for the kitchen remodel.
I have received two calls from two different 5/3 employees asking me if I would like to open a savings account with them. Why are they calling me? I used to have a savings account with them many years ago but now keep it at a local credit union. I do not like the fact that they are watching the transactions on my account and using this information to cold call me…is this common practice among large banks?
Have you experienced this phenomenon (even once) with your bank? Does it make you feel like your bank is watching over you, or just watching you intently?