E*Trade Bank Complaint: Account opening, closing, or management

#1521785 17 Aug 2015

Bank account or service (CD) Certificate of deposit

Complaint #1521785 submitted on 08/17/2015 relating to E*Trade Bank. Complaint relates to Bank account or service (CD) Certificate of deposit - Account opening, closing, or management .

Complaint was submitted via Web and sent to the company on Monday 17th August 2015.

Narrative (may be redacted).

I opened a CD account with ETrade Bank on XX/XX/XXXX in the amount of {$1000.00}. I made no further deposits after that date. When I recently checked on the status of the account by phone with ETrade bank they told me they have no record of the account. I have the actual CD in my possession. It shows Account Number # XXXX with a annual renewal term and Interest to be paid Quarterly to the Account balance. After speaking to ETrade and getting nowhere I did some research and found that ETrade had sold their CD accounts to XXXX XXXX on XX/XX/XXXX and that all funds would be transferred to XXXX XXXX beginning XX/XX/XXXX. I contacted XXXX XXXX and they confirmed that ETrade accounts were purchased but when I asked them to research my account they were not able to find it. This account should be worth {$1700.00}. I find it ludicrous that neither ETrade or XXXX XXXX has been able to provide any information regarding this account. I would appreciate any help you can offer to resolve this issue as I could put these funds to good use. Thanks, XXXX

Older American

Company E*Trade Bank
Complaint ID 1521785
Date Received 08/17/2015
Product Bank account or service (CD) Certificate of deposit
Issue Account opening, closing, or management
State/ZIP Code NV 894XX
Consumer Consent Consent provided
Company Public Response
Company Response To Customer Closed with explanation
Submitted Web 08/17/2015
Result Timely Response: Yes, Consumer Disputed: No
 

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