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Home  »  Consumer Reviews  »  FINANCE  »  Indymac
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Indymac
May 7, 2008
INDYMAC BANK complaint by Glawing1
Same complaint as Andiebiz, My CD matured, called yesterday on May 6 (Grace period through May 9) asked to not renew and close my account, was told that they did not have a signature card, needed a notarized letter stating that the account is to be closed, faxed it to them as instructed and now getting the runaround. This is really bad business and seems to be the mo of this bank.

I am not sure how to resolve this and get my money back, can anyone please point me in the right direction on how to accomplish this. Please write if you can provide any assistance.

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  Comments (3)
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1. Written by new non-investor, on 20-05-2008 19:07

:eek Helpful website to steer me clear of what seems inappropriate banking practices at Indimac Bank. I'll go elsewhere and have less dividend but assurance I can get my money out.

2. Written by Hehe, on 16-05-2008 22:57

:grin Good point! I just don't understand why they want it to be notarized. Seems like too much trouble. Although, in these times, it pays to be a little more paranoid about your money and identity.

3. Written by Learn 2 Read, on 13-05-2008 13:48

Here's how you solve this little problem. Call up Michael J. Fox and see if you can borrow the DeLorean from "Back to the Future", travel back in time 6 months when you got the CD, put on your f'n glasses and read the agreement between you and the bank, making sure you pay very close attention to the part that states "holder must submit notarized letter at least 14 days prior to maturity to have the account closed," and then follow those instructions so that you dont run into this little problem. You say your bank (IndyMac) is giving you the run-around...maybe you should own up to your own ignorance that created this situation. Run-around? I think you need to give IndyMac a reach-around just for putting up with your ugly a$$.

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