Pissed Consumer - Did not get all my money

Home » Consumer Reviews » Banks » Did not get all my money

Did not get all my money

Jul 14, 2008

INDYMAC BANK complaint by Nervous

Stood in line for 4 hours today (went at 5:30am) had over $200,000. Got only 98,000. in return. Must make claim for the balance.

A customer in front of me had over $500,000. in 3 accounts and only got $77,000. today. The FDIC rep. was nervous and could not answer questions all he kept saying was call the toll-free number and speak with a claims agent. When I got home the claims agent did call and stated that I was insured and to fax over a declaration form. I did that and will update this site as to when I get the balance.

I was told it would take a few days. I want to pick it up will go back to the bank on Thursday, if I have to , to see if it has been released.

More INDYMAC BANK Reviews

Discuss
INDYMAC BANK News

on our forums

Quote this article on your site | Views: 329

Comments (5)

1. Written by Nervous, on 21-07-2008 22:05

My benes were confirmed thru my claim and I picked up the balance of my money this past Saturday.............was very tempting to leave in, I made $450 in interest in 5 days............

Report

2. Written by Nervous, on 16-07-2008 15:14

I understand the problem is my children had different last names but my mom was on there too. They could have given me the money with her 100K insured and that would have been fine. They did not. The people who got less had large trusts that were a little complicated. They have to send in documentation, as well,...........

Report

3. Written by one of customer, on 15-07-2008 18:24

I put all money under my name but I put my spouse and my children in the ITF ( in trust for) , got every pennies back , Insured up to 100 K X number of beneficaries . I heard that if all of your ITF have the same last name, everything is faster. Some customers has to sign the declaration and claim for " their money". Make sure your ITF are qualified beneficary such as spouse, parent, children , siblings, adopted children. Remember your nieces, nephews, friends are not qualified for beneficiary- in that case the maximum is only 100 thousands ( including all accounts you have- not each account) Hope you can sleep better.

Report

4. Written by should've known, on 15-07-2008 13:31

I had 97k in cds and got all of my $$$$$ out yesterday. I'm happy not pissed. Thank you fed!

Report

5. Written by Gary, on 15-07-2008 10:25

Were the accounst in different names or setup as In Trust For?

I have almost $200K as well and am nervous. How did they arrive at $98K? How did the other guy get on $77K?

Report

Comments on Did not get all my money
Consumer Forum is another great place to discuss consumer concerns NOT RELATED to this article.
Name:
Comment:

Code:* Code
I wish to be contacted by email regarding additional comments