Posted by Anonymous
Sovereign Bank is the worst bank I've ever dealt with. I'd made a mistake with my checking account (with another bank) and mailed my mortgage payment in. Unfortunately there were insufficient funds, which I took care of as soon as I found out. It was an oversight on my part. I have another account with another bank and could have transferred the money. Instead of contacting me, they sent the payment back to my bank without notifying me. I received notification from my bank. I went to my bank today and the teller told me that Sovereign would probably resubmit it for payment. Sovereign doesn't do that. I want to straighten this out, but I can't do anything until Monday. Sovereign advertises that it's open 7 days a week. They are not open 7 days a week. I have to wait until Monday. Then they'll not only fine me for the insufficient funds, they'll charge a late fee for every day including Saturday and Sunday until I can get to their branch. Their customer service people at their branches are also very rude. I've been in my house for ten years. The mortgage was originally held by Commerce Bank. Unfortunately it was then taken over by Sovereign. This is only the 2nd time that this has happened, which is 2 times too many. My bad.......