Let’s say you have some valuable things you don’t want to keep in your home, so you take out a safety-deposit box at your neighborhood bank. The bank manager leaves you alone in a transaction room to deposit your items, and you discover that your brand-new box isn’t empty. There’s money in it. $100,000 in cash. [More]
sovereign bank
UPDATE: Bank Says $1,400 In Counterfeit Bills Weren’t Counterfeit After All
By 1.30.13
Yesterday, we told you about the Massachusetts man who withdrew $1,800 from Sovereign Bank, then took it over to pay his mortgage at Citizens Bank, only to have $1,400 of it confiscated for allegedly being counterfeit cash. Except it wasn’t. [More]
Sovereign Bank Has Kept My Home In Short Sale Limbo For Almost Two Years
By 9.6.12
As anyone who watches enough house-hunting shows on HGTV is aware, the short sale process can sometimes drag on for several months as the bank that holds the mortgage drags its feet on approving the sale and reviewing paperwork. But one reader tells Consumerist her home has been under contract for a short sale since November 2010 because Sovereign Bank takes so long to process the paperwork that by the time it finishes, it needs to start all over again with more up-to-date documents. [More]
Banks To Offer Foreclosure Reviews To More Than 4 Million People
By 11.1.11
Millions of Americans have lost their homes in the last few years and — as any reader of Consumerist knows — the banks who foreclosed on those properties have also made more than their fair share of errors. Thus, starting today, 14 of the country’s largest mortgage servicers are contacting millions of foreclosed-upon former homeowners to offer them the opportunity to have their cases independently reviewed. [More]
Dad's Stuck With Me On His Sovereign Bank Account Unless I Die
By 8.10.11
Chris’s dad gave him access to his personal and business accounts at Sovereign Bank a few years ago. Now that he’s remarried, the dad wants to take Chris off and replace him with his new wife. This seems like it would be simple enough, but Sovereign says, not so fast. They can’t remove Chris’s access to the accounts unless he dies. [More]
Opt In To Overdraft Protection Right At The ATM
By 7.29.11
ATMs exist for routine banking transactions…deposits, withdrawals, balance inquiries, opting out of overdraft protection. Wait, what? GitEmSteveDave noticed, but didn’t test, this option on a Sovereign Bank ATM. “I wonder how many people hit the button by accident and end up giving their rights up,” he writes. Convenient, or dangerous? [More]
Robbers Break Into Bank, Don't Steal Anything
By 3.16.10
Much like the burglars in New Jersey who cut a huge hole in the roof to steal laptops, a crew of crooks in Brooklyn made their way into the safe-deposit room of a Sovereign Bank. But unlike the Best Buy burglary, these thieves didn’t take anything. [More]
By 10.1.08
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Word is Sovereign Bank and National City Corp are “next on the FDIC’s to-do-list.” [Clusterstock]
Sovereign Bank Branch Exposes You To Identity Theft As A Matter Of "Policy"
By 4.17.07
Concerned about identity theft, Seth had a fun time recently when he tried to get Sovereign bank to tell him why they need to record his driver’s license number when he withdrew $2.75. The teller kept saying, “It’s our policy,” but even when they finally showed the policy in writing, it only said “must record form of ID” and nothing about writing down license numbers.
Time to Human, Banks, Day 5
By 4.21.06
Ring ring, Mr. Banker, pick up the phone, we hit the stopwatch and hang up. Here are the results.
Time to Human, Banks, Day 4
By 4.20.06
Today’s results in our week-long test of how long it takes banks humanoids to pick up the ring ring ring.
Time to Human, Banks, Day 3
By 4.19.06
The results of today’s benchmark test to see how long it takes banks’ live humans to pick up the phone.
Time to Human, Banks, Day 1
By 4.17.06
We’ll be calling up the banks this week to see who’s the quickest at having a human pick up the phone.
