I received an overdraft notice from Flagstar Bank stating that my checking account was overdrawn by 10 dollars and I needed to make payment in 3 to 5 days. The checking account was set up as a bank requirement to open a CD with them...BIG MISTAKE!
The bank has been quietly taking out 10 dollars from the checking account every 6 months for what they call an "inactivity" fee, without my knowledge. No statements of any kind. The statement I receive is the one demanding more money after they have already cleaned out the existing account.
Very dirty and infuriating!
Product or Service Mentioned: Flagstar Bank Checking Account.